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$388,951$359,100
Remaining term (yrs)27.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.290%7.400%
Blended rate7.840%7.640%
1st payment$2,738.50$2,486.34
2nd payment$0.00$0.00
Taxes / mo$495.75$495.75
Insurance / mo$150.00$150.00
MI / mo$183.26$71.82
HOA / mo$0.00$0.00
Total monthly$3,567.52$3,203.91
Cash to close$10,049$39,900