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$355,597$339,300
Remaining term (yrs)27.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.790%7.400%
Blended rate8.340%7.640%
1st payment$2,624.76$2,349.24
2nd payment$0.00$0.00
Taxes / mo$313.33$313.33
Insurance / mo$150.00$150.00
MI / mo$167.28$67.86
HOA / mo$120.67$120.67
Total monthly$3,376.04$3,001.11
Cash to close$21,403$37,700