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$382,984$359,100
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.790%7.400%
Blended rate7.340%7.640%
1st payment$2,545.00$2,486.34
2nd payment$0.00$0.00
Taxes / mo$73.92$73.92
Insurance / mo$150.00$150.00
MI / mo$179.11$71.82
HOA / mo$98.00$98.00
Total monthly$3,046.02$2,880.07
Cash to close$16,016$39,900