Comparison

Side-by-side payments and cash to close

Lowest monthly: Current Market Conventional

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$366,718$328,500
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.870%7.400%
Blended rate7.420%7.640%
1st payment$2,468.27$2,274.47
2nd payment$0.00$0.00
Taxes / mo$510.68$510.68
Insurance / mo$150.00$150.00
MI / mo$172.30$65.70
HOA / mo$9.58$9.58
Total monthly$3,310.83$3,010.43
Cash to close$0$36,500