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$398,036$359,999
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.780%7.400%
Blended rate7.330%7.640%
1st payment$2,661.16$2,492.56
2nd payment$0.00$0.00
Taxes / mo$201.08$201.08
Insurance / mo$150.00$150.00
MI / mo$187.47$72.00
HOA / mo$64.00$64.00
Total monthly$3,263.71$2,979.64
Cash to close$1,963$40,000