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$358,224$359,100
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.940%7.400%
Blended rate7.490%7.640%
1st payment$2,434.81$2,486.34
2nd payment$0.00$0.00
Taxes / mo$305.25$305.25
Insurance / mo$150.00$150.00
MI / mo$168.76$71.82
HOA / mo$52.33$52.33
Total monthly$3,111.14$3,065.74
Cash to close$40,776$39,900