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$392,641$359,910
Remaining term (yrs)26.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.430%7.400%
Blended rate6.980%7.640%
1st payment$2,562.38$2,491.94
2nd payment$0.00$0.00
Taxes / mo$146.11$146.11
Insurance / mo$150.00$150.00
MI / mo$187.17$71.98
HOA / mo$41.67$41.67
Total monthly$3,087.33$2,901.71
Cash to close$7,259$39,990