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$385,053$386,910
Remaining term (yrs)27.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.790%7.400%
Blended rate8.340%7.640%
1st payment$2,842.19$2,678.89
2nd payment$0.00$0.00
Taxes / mo$306.25$306.25
Insurance / mo$150.00$150.00
MI / mo$181.13$77.38
HOA / mo$3.33$3.33
Total monthly$3,482.90$3,215.85
Cash to close$44,847$42,990