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$390,316$337,500
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.820%7.400%
Blended rate7.370%7.640%
1st payment$2,617.02$2,336.78
2nd payment$0.00$0.00
Taxes / mo$419.66$419.66
Insurance / mo$150.00$150.00
MI / mo$183.61$67.50
HOA / mo$337.00$337.00
Total monthly$3,707.29$3,310.95
Cash to close$0$37,500