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$387,935$359,999
Remaining term (yrs)28.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.860%7.400%
Blended rate7.410%7.640%
1st payment$2,576.11$2,492.56
2nd payment$0.00$0.00
Taxes / mo$97.83$97.83
Insurance / mo$150.00$150.00
MI / mo$180.01$72.00
HOA / mo$99.00$99.00
Total monthly$3,102.95$2,911.39
Cash to close$12,064$40,000