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$379,200$319,500
Remaining term (yrs)26.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.790%7.400%
Blended rate7.340%7.640%
1st payment$2,562.07$2,212.15
2nd payment$0.00$0.00
Taxes / mo$640.42$640.42
Insurance / mo$150.00$150.00
MI / mo$180.31$63.90
HOA / mo$300.00$300.00
Total monthly$3,832.80$3,366.47
Cash to close$0$35,500