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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$353,380$288,000
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.340%7.320%
Blended rate6.890%7.560%
1st payment$2,288.71$1,978.36
2nd payment$0.00$0.00
Taxes / mo$198.25$198.25
Insurance / mo$150.00$150.00
MI / mo$168.76$57.60
HOA / mo$91.00$91.00
Total monthly$2,896.72$2,475.21
Cash to close$0$32,000