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$361,300$310,500
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.990%7.400%
Blended rate7.540%7.640%
1st payment$2,460.20$2,149.84
2nd payment$0.00$0.00
Taxes / mo$325.67$325.67
Insurance / mo$150.00$150.00
MI / mo$169.66$62.10
HOA / mo$55.00$55.00
Total monthly$3,160.53$2,742.61
Cash to close$0$34,500