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$384,146$314,910
Remaining term (yrs)27.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.660%7.400%
Blended rate7.210%7.640%
1st payment$2,546.53$2,180.37
2nd payment$0.00$0.00
Taxes / mo$616.92$616.92
Insurance / mo$150.00$150.00
MI / mo$181.62$62.98
HOA / mo$10.00$10.00
Total monthly$3,505.07$3,020.27
Cash to close$0$34,990