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$367,014$337,500
Remaining term (yrs)27.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.290%7.320%
Blended rate7.840%7.560%
1st payment$2,589.07$2,318.39
2nd payment$0.00$0.00
Taxes / mo$128.17$128.17
Insurance / mo$150.00$150.00
MI / mo$173.26$67.50
HOA / mo$95.00$95.00
Total monthly$3,135.50$2,759.06
Cash to close$7,986$37,500