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$351,194$328,455
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.880%7.400%
Blended rate7.430%7.640%
1st payment$2,368.46$2,274.16
2nd payment$0.00$0.00
Taxes / mo$101.03$101.03
Insurance / mo$150.00$150.00
MI / mo$165.16$65.69
HOA / mo$0.00$0.00
Total monthly$2,784.65$2,590.87
Cash to close$13,756$36,495