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$357,697$247,500
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.660%7.400%
Blended rate7.210%7.640%
1st payment$2,366.13$1,713.64
2nd payment$0.00$0.00
Taxes / mo$722.42$722.42
Insurance / mo$150.00$150.00
MI / mo$168.76$49.50
HOA / mo$17.50$17.50
Total monthly$3,424.81$2,653.06
Cash to close$0$27,500