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$369,402$337,500
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.920%7.400%
Blended rate7.770%7.640%
1st payment$2,552.19$2,336.78
2nd payment$0.00$0.00
Taxes / mo$338.00$338.00
Insurance / mo$150.00$150.00
MI / mo$273.93$67.50
HOA / mo$371.00$371.00
Total monthly$3,685.12$3,263.28
Cash to close$5,598$37,500