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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$353,439$310,500
Remaining term (yrs)27.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.92%7.18%
Blended rate7.47%7.42%
1st payment$2,388.09$2,103.44
2nd payment$0.00$0.00
Taxes / mo$116.42$116.42
Insurance / mo$150.00$150.00
MI / mo$165.85$62.10
HOA / mo$74.00$74.00
Total monthly$2,894.36$2,505.95
Cash to close$0$34,500