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$355,876$350,910
Remaining term (yrs)27.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.900%7.400%
Blended rate7.450%7.640%
1st payment$2,412.01$2,429.63
2nd payment$0.00$0.00
Taxes / mo$731.33$731.33
Insurance / mo$150.00$150.00
MI / mo$167.86$70.18
HOA / mo$55.00$55.00
Total monthly$3,516.20$3,436.15
Cash to close$34,024$38,990