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$345,979$306,000
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.100%7.400%
Blended rate7.650%7.640%
1st payment$2,383.23$2,118.68
2nd payment$0.00$0.00
Taxes / mo$502.08$502.08
Insurance / mo$150.00$150.00
MI / mo$162.54$61.20
HOA / mo$253.00$253.00
Total monthly$3,450.85$3,084.97
Cash to close$0$34,000