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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$351,747$292,500
Remaining term (yrs)27.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.62%7.18%
Blended rate8.17%7.42%
1st payment$2,556.19$1,981.50
2nd payment$0.00$0.00
Taxes / mo$140.50$140.50
Insurance / mo$150.00$150.00
MI / mo$165.61$58.50
HOA / mo$67.00$67.00
Total monthly$3,079.29$2,397.50
Cash to close$0$32,500