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$388,286$314,991
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.360%7.400%
Blended rate6.910%7.640%
1st payment$2,528.76$2,180.93
2nd payment$0.00$0.00
Taxes / mo$624.48$624.48
Insurance / mo$150.00$150.00
MI / mo$186.07$63.00
HOA / mo$72.00$72.00
Total monthly$3,561.31$3,090.41
Cash to close$0$34,999