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$360,354$310,500
Remaining term (yrs)27.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.440%7.400%
Blended rate7.990%7.640%
1st payment$2,573.03$2,149.84
2nd payment$0.00$0.00
Taxes / mo$291.75$291.75
Insurance / mo$150.00$150.00
MI / mo$169.66$62.10
HOA / mo$237.00$237.00
Total monthly$3,421.44$2,890.69
Cash to close$0$34,500