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$381,070$341,100
Remaining term (yrs)27.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.810%7.400%
Blended rate7.360%7.640%
1st payment$2,571.28$2,361.71
2nd payment$0.00$0.00
Taxes / mo$639.98$639.98
Insurance / mo$150.00$150.00
MI / mo$180.59$68.22
HOA / mo$13.33$13.33
Total monthly$3,555.18$3,233.24
Cash to close$0$37,900