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$367,656$359,999
Remaining term (yrs)26.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.780%7.400%
Blended rate7.330%7.640%
1st payment$2,476.30$2,492.56
2nd payment$0.00$0.00
Taxes / mo$500.67$500.67
Insurance / mo$150.00$150.00
MI / mo$174.45$72.00
HOA / mo$168.00$168.00
Total monthly$3,469.42$3,383.23
Cash to close$32,343$40,000