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$372,116$371,700
Remaining term (yrs)28.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.850%7.400%
Blended rate7.400%7.640%
1st payment$2,480.22$2,573.58
2nd payment$0.00$0.00
Taxes / mo$372.83$372.83
Insurance / mo$150.00$150.00
MI / mo$173.48$74.34
HOA / mo$70.00$70.00
Total monthly$3,246.54$3,240.75
Cash to close$40,884$41,300