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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$362,423$324,000
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.630%7.400%
Blended rate7.180%7.640%
1st payment$2,385.31$2,243.31
2nd payment$0.00$0.00
Taxes / mo$104.08$104.08
Insurance / mo$150.00$150.00
MI / mo$170.65$64.80
HOA / mo$67.00$67.00
Total monthly$2,877.04$2,629.19
Cash to close$0$36,000