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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$375,333$279,000
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.78%7.18%
Blended rate7.33%7.42%
1st payment$2,504.23$1,890.04
2nd payment$0.00$0.00
Taxes / mo$250.25$250.25
Insurance / mo$150.00$150.00
MI / mo$176.42$55.80
HOA / mo$153.00$153.00
Total monthly$3,233.89$2,499.09
Cash to close$0$31,000