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$377,792$137,700
Remaining term (yrs)26.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.690%7.400%
Blended rate7.240%7.640%
1st payment$2,525.43$953.41
2nd payment$0.00$0.00
Taxes / mo$528.50$528.50
Insurance / mo$150.00$150.00
MI / mo$179.56$27.54
HOA / mo$0.00$0.00
Total monthly$3,383.49$1,659.45
Cash to close$0$15,300