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$350,423$315,000
Remaining term (yrs)20.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate4.560%7.320%
Blended rate5.410%7.560%
1st payment$2,158.39$2,163.83
2nd payment$0.00$0.00
Taxes / mo$330.17$330.17
Insurance / mo$150.00$150.00
MI / mo$299.63$63.00
HOA / mo$0.00$0.00
Total monthly$2,938.18$2,707.00
Cash to close$0$35,000