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$360,818$310,410
Remaining term (yrs)29.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.150%7.400%
Blended rate6.700%7.640%
1st payment$2,213.42$2,149.22
2nd payment$0.00$0.00
Taxes / mo$127.50$127.50
Insurance / mo$150.00$150.00
MI / mo$166.52$62.08
HOA / mo$85.33$85.33
Total monthly$2,742.77$2,574.13
Cash to close$0$34,490