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$385,201$305,100
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.700%7.400%
Blended rate7.550%7.640%
1st payment$2,603.99$2,112.45
2nd payment$0.00$0.00
Taxes / mo$578.00$578.00
Insurance / mo$150.00$150.00
MI / mo$285.84$61.02
HOA / mo$130.00$130.00
Total monthly$3,747.83$3,031.47
Cash to close$0$33,900