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$388,546$357,300
Remaining term (yrs)27.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.060%7.400%
Blended rate7.610%7.640%
1st payment$2,661.05$2,473.87
2nd payment$0.00$0.00
Taxes / mo$631.95$631.95
Insurance / mo$150.00$150.00
MI / mo$182.22$71.46
HOA / mo$43.33$43.33
Total monthly$3,668.55$3,370.61
Cash to close$8,454$39,700