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$357,578$292,500
Remaining term (yrs)28.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.650%7.400%
Blended rate7.200%7.640%
1st payment$2,331.92$2,025.21
2nd payment$0.00$0.00
Taxes / mo$73.00$73.00
Insurance / mo$150.00$150.00
MI / mo$166.49$58.50
HOA / mo$0.00$0.00
Total monthly$2,721.41$2,306.71
Cash to close$0$32,500