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$372,785$336,600
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.890%7.400%
Blended rate7.440%7.640%
1st payment$2,506.53$2,330.55
2nd payment$0.00$0.00
Taxes / mo$122.33$122.33
Insurance / mo$150.00$150.00
MI / mo$174.61$67.32
HOA / mo$65.00$65.00
Total monthly$3,018.48$2,735.20
Cash to close$1,215$37,400