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$359,911$332,100
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$2,429.70$2,299.39
2nd payment$0.00$0.00
Taxes / mo$156.25$156.25
Insurance / mo$150.00$150.00
MI / mo$169.43$66.42
HOA / mo$114.00$114.00
Total monthly$3,019.38$2,786.06
Cash to close$9,089$36,900