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$346,271$288,000
Remaining term (yrs)26.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.360%7.400%
Blended rate7.210%7.640%
1st payment$2,257.87$1,994.05
2nd payment$0.00$0.00
Taxes / mo$167.12$167.12
Insurance / mo$150.00$150.00
MI / mo$166.14$57.60
HOA / mo$0.00$0.00
Total monthly$2,741.13$2,368.77
Cash to close$0$32,000