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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$351,196$315,000
Remaining term (yrs)27.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.25%7.18%
Blended rate6.8%7.42%
1st payment$2,238.64$2,133.92
2nd payment$0.00$0.00
Taxes / mo$178.58$178.58
Insurance / mo$150.00$150.00
MI / mo$166.64$63.00
HOA / mo$96.00$96.00
Total monthly$2,829.86$2,621.50
Cash to close$0$35,000