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$371,476$373,500
Remaining term (yrs)26.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.790%7.400%
Blended rate7.340%7.640%
1st payment$2,509.89$2,586.04
2nd payment$0.00$0.00
Taxes / mo$193.90$193.90
Insurance / mo$150.00$150.00
MI / mo$176.64$74.70
HOA / mo$2.08$2.08
Total monthly$3,032.51$3,006.72
Cash to close$43,524$41,500