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$384,124$355,499
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.770%7.400%
Blended rate7.320%7.640%
1st payment$2,552.63$2,461.40
2nd payment$0.00$0.00
Taxes / mo$341.17$341.17
Insurance / mo$150.00$150.00
MI / mo$180.01$71.10
HOA / mo$126.00$126.00
Total monthly$3,349.80$3,149.67
Cash to close$10,875$39,500