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$366,449$356,400
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.220%7.400%
Blended rate7.770%7.640%
1st payment$2,550.87$2,467.64
2nd payment$0.00$0.00
Taxes / mo$266.67$266.67
Insurance / mo$150.00$150.00
MI / mo$171.90$71.28
HOA / mo$65.00$65.00
Total monthly$3,204.44$3,020.59
Cash to close$29,551$39,600