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$373,983$346,410
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.730%7.400%
Blended rate7.280%7.640%
1st payment$2,477.99$2,398.47
2nd payment$0.00$0.00
Taxes / mo$522.76$522.76
Insurance / mo$150.00$150.00
MI / mo$175.47$69.28
HOA / mo$435.00$435.00
Total monthly$3,761.21$3,575.51
Cash to close$10,917$38,490