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$366,124$324,810
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$2,561.70$2,248.92
2nd payment$0.00$0.00
Taxes / mo$416.17$416.17
Insurance / mo$150.00$150.00
MI / mo$270.55$64.96
HOA / mo$35.42$35.42
Total monthly$3,433.84$2,915.47
Cash to close$0$36,090