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$377,975$360,000
Remaining term (yrs)26.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.950%7.400%
Blended rate7.800%7.640%
1st payment$2,612.83$2,492.57
2nd payment$0.00$0.00
Taxes / mo$445.34$445.34
Insurance / mo$150.00$150.00
MI / mo$279.59$72.00
HOA / mo$0.00$0.00
Total monthly$3,487.76$3,159.91
Cash to close$22,025$40,000