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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$357,008$299,700
Remaining term (yrs)26.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.710%7.400%
Blended rate7.260%7.640%
1st payment$2,391.09$2,075.06
2nd payment$0.00$0.00
Taxes / mo$140.83$140.83
Insurance / mo$150.00$150.00
MI / mo$169.66$59.94
HOA / mo$70.00$70.00
Total monthly$2,921.58$2,495.84
Cash to close$0$33,300