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$345,600
Remaining term (yrs)27.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.290%7.400%
Blended rate7.840%7.640%
1st payment$2,589.07$2,392.86
2nd payment$0.00$0.00
Taxes / mo$128.17$128.17
Insurance / mo$150.00$150.00
MI / mo$173.26$69.12
HOA / mo$95.00$95.00
Total monthly$3,135.50$2,835.15
Cash to close$16,986$38,400