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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$397,168$349,200
Remaining term (yrs)26.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.94%7.18%
Blended rate7.79%7.42%
1st payment$2,746.02$2,365.60
2nd payment$0.00$0.00
Taxes / mo$171.67$171.67
Insurance / mo$150.00$150.00
MI / mo$294.14$69.84
HOA / mo$112.00$112.00
Total monthly$3,473.83$2,869.11
Cash to close$0$38,800