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$387,174$382,500
Remaining term (yrs)28.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.810%7.400%
Blended rate7.360%7.640%
1st payment$2,563.09$2,648.35
2nd payment$0.00$0.00
Taxes / mo$150.83$150.83
Insurance / mo$150.00$150.00
MI / mo$180.01$76.50
HOA / mo$75.00$75.00
Total monthly$3,118.93$3,100.69
Cash to close$37,826$42,500