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$356,559$332,100
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.320%7.400%
Blended rate6.870%7.640%
1st payment$2,310.34$2,299.39
2nd payment$0.00$0.00
Taxes / mo$338.42$338.42
Insurance / mo$150.00$150.00
MI / mo$170.71$66.42
HOA / mo$23.33$23.33
Total monthly$2,992.80$2,877.56
Cash to close$12,441$36,900