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$368,384$333,000
Remaining term (yrs)27.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.230%7.400%
Blended rate7.780%7.640%
1st payment$2,586.71$2,305.62
2nd payment$0.00$0.00
Taxes / mo$406.33$406.33
Insurance / mo$150.00$150.00
MI / mo$174.14$66.60
HOA / mo$12.92$12.92
Total monthly$3,330.10$2,941.48
Cash to close$1,616$37,000