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$373,181$292,500
Remaining term (yrs)26.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.080%7.400%
Blended rate7.930%7.640%
1st payment$2,611.08$2,025.21
2nd payment$0.00$0.00
Taxes / mo$380.42$380.42
Insurance / mo$150.00$150.00
MI / mo$275.77$58.50
HOA / mo$355.00$355.00
Total monthly$3,772.26$2,969.13
Cash to close$0$32,500