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$351,185$294,300
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.880%7.400%
Blended rate7.430%7.640%
1st payment$2,368.39$2,037.67
2nd payment$0.00$0.00
Taxes / mo$471.50$471.50
Insurance / mo$150.00$150.00
MI / mo$165.16$58.86
HOA / mo$89.00$89.00
Total monthly$3,244.05$2,807.03
Cash to close$0$32,700