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$363,059$323,910
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.880%7.400%
Blended rate7.430%7.640%
1st payment$2,453.45$2,242.69
2nd payment$0.00$0.00
Taxes / mo$102.08$102.08
Insurance / mo$150.00$150.00
MI / mo$171.09$64.78
HOA / mo$99.00$99.00
Total monthly$2,975.62$2,658.55
Cash to close$0$35,990