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$377,919$378,000
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.100%7.400%
Blended rate7.650%7.640%
1st payment$2,605.78$2,617.20
2nd payment$0.00$0.00
Taxes / mo$309.50$309.50
Insurance / mo$150.00$150.00
MI / mo$177.72$75.60
HOA / mo$56.00$56.00
Total monthly$3,298.99$3,208.30
Cash to close$42,081$42,000