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$390,593$382,499
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.820%7.400%
Blended rate7.370%7.640%
1st payment$2,618.88$2,648.35
2nd payment$0.00$0.00
Taxes / mo$517.98$517.98
Insurance / mo$150.00$150.00
MI / mo$183.74$76.50
HOA / mo$175.00$175.00
Total monthly$3,645.60$3,567.83
Cash to close$34,406$42,500