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$369,952$350,100
Remaining term (yrs)26.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.330%7.400%
Blended rate7.180%7.640%
1st payment$2,408.24$2,424.02
2nd payment$0.00$0.00
Taxes / mo$1,109.72$1,109.72
Insurance / mo$150.00$150.00
MI / mo$274.72$70.02
HOA / mo$0.00$0.00
Total monthly$3,942.68$3,753.76
Cash to close$19,048$38,900