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$357,545$328,500
Remaining term (yrs)28.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.890%7.400%
Blended rate7.440%7.640%
1st payment$2,390.25$2,274.47
2nd payment$0.00$0.00
Taxes / mo$86.25$86.25
Insurance / mo$150.00$150.00
MI / mo$166.51$65.70
HOA / mo$75.00$75.00
Total monthly$2,868.01$2,651.42
Cash to close$7,455$36,500