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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$422,803$346,500
Remaining term (yrs)28.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.76%7.18%
Blended rate7.31%7.42%
1st payment$2,785.05$2,347.31
2nd payment$0.00$0.00
Taxes / mo$51.92$51.92
Insurance / mo$150.00$150.00
MI / mo$196.60$69.30
HOA / mo$111.00$111.00
Total monthly$3,294.57$2,729.53
Cash to close$0$38,500