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$352,390$337,500
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.090%7.320%
Blended rate7.640%7.560%
1st payment$2,422.72$2,318.39
2nd payment$0.00$0.00
Taxes / mo$323.92$323.92
Insurance / mo$150.00$150.00
MI / mo$165.40$67.50
HOA / mo$249.00$249.00
Total monthly$3,311.04$3,108.81
Cash to close$22,610$37,500