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$381,728$373,500
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.710%7.400%
Blended rate7.260%7.640%
1st payment$2,562.33$2,586.04
2nd payment$0.00$0.00
Taxes / mo$588.42$588.42
Insurance / mo$150.00$150.00
MI / mo$181.81$74.70
HOA / mo$0.00$0.00
Total monthly$3,482.56$3,399.16
Cash to close$33,272$41,500