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$397,461$342,900
Remaining term (yrs)28.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.77%7.11%
Blended rate7.32%7.35%
1st payment$2,615.80$2,306.71
2nd payment$0.00$0.00
Taxes / mo$27.50$27.50
Insurance / mo$150.00$150.00
MI / mo$184.47$68.58
HOA / mo$0.00$0.00
Total monthly$2,977.77$2,552.79
Cash to close$0$38,100