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$351,801$342,000
Remaining term (yrs)28.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.640%7.400%
Blended rate7.190%7.640%
1st payment$2,289.71$2,367.94
2nd payment$0.00$0.00
Taxes / mo$188.08$188.08
Insurance / mo$150.00$150.00
MI / mo$163.64$68.40
HOA / mo$1.00$1.00
Total monthly$2,792.44$2,775.42
Cash to close$28,199$38,000