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$385,208$312,300
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.780%7.400%
Blended rate7.330%7.640%
1st payment$2,575.39$2,162.30
2nd payment$0.00$0.00
Taxes / mo$285.58$285.58
Insurance / mo$150.00$150.00
MI / mo$181.43$62.46
HOA / mo$145.00$145.00
Total monthly$3,337.40$2,805.35
Cash to close$0$34,700