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$363,804$292,500
Remaining term (yrs)28.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.580%7.400%
Blended rate7.130%7.640%
1st payment$2,346.72$2,025.21
2nd payment$0.00$0.00
Taxes / mo$99.75$99.75
Insurance / mo$150.00$150.00
MI / mo$168.76$58.50
HOA / mo$70.00$70.00
Total monthly$2,835.24$2,403.46
Cash to close$0$32,500