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$366,189$287,100
Remaining term (yrs)26.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.81%7.18%
Blended rate7.66%7.42%
1st payment$2,498.36$1,944.92
2nd payment$0.00$0.00
Taxes / mo$139.00$139.00
Insurance / mo$150.00$150.00
MI / mo$271.18$57.42
HOA / mo$84.00$84.00
Total monthly$3,142.54$2,375.34
Cash to close$0$31,900