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$400,624$328,500
Remaining term (yrs)27.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.99%7.18%
Blended rate7.54%7.42%
1st payment$2,725.31$2,225.37
2nd payment$0.00$0.00
Taxes / mo$146.00$146.00
Insurance / mo$150.00$150.00
MI / mo$187.94$65.70
HOA / mo$0.00$0.00
Total monthly$3,209.25$2,587.07
Cash to close$0$36,500