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$387,656$364,500
Remaining term (yrs)27.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.090%7.400%
Blended rate7.640%7.640%
1st payment$2,662.63$2,523.72
2nd payment$0.00$0.00
Taxes / mo$337.50$337.50
Insurance / mo$150.00$150.00
MI / mo$181.78$72.90
HOA / mo$0.00$0.00
Total monthly$3,331.90$3,084.12
Cash to close$17,344$40,500