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$355,131$340,199
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.260%7.400%
Blended rate6.810%7.640%
1st payment$2,287.67$2,355.47
2nd payment$0.00$0.00
Taxes / mo$171.58$171.58
Insurance / mo$150.00$150.00
MI / mo$170.11$68.04
HOA / mo$110.00$110.00
Total monthly$2,889.36$2,855.09
Cash to close$22,868$37,800