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$358,203$350,100
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.540%7.400%
Blended rate7.090%7.640%
1st payment$2,368.18$2,424.02
2nd payment$0.00$0.00
Taxes / mo$279.67$279.67
Insurance / mo$150.00$150.00
MI / mo$171.01$70.02
HOA / mo$87.00$87.00
Total monthly$3,055.86$3,010.71
Cash to close$30,797$38,900