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$404,080$310,500
Remaining term (yrs)27.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.130%7.400%
Blended rate7.680%7.640%
1st payment$2,799.61$2,149.84
2nd payment$0.00$0.00
Taxes / mo$366.67$366.67
Insurance / mo$150.00$150.00
MI / mo$190.36$62.10
HOA / mo$200.00$200.00
Total monthly$3,706.64$2,928.61
Cash to close$0$34,500