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$386,284$373,500
Remaining term (yrs)26.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.340%7.400%
Blended rate6.890%7.640%
1st payment$2,498.85$2,586.04
2nd payment$0.00$0.00
Taxes / mo$345.83$345.83
Insurance / mo$150.00$150.00
MI / mo$184.26$74.70
HOA / mo$0.00$0.00
Total monthly$3,178.94$3,156.57
Cash to close$28,716$41,500