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$392,028$386,910
Remaining term (yrs)26.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.110%7.400%
Blended rate6.960%7.640%
1st payment$2,501.14$2,678.89
2nd payment$0.00$0.00
Taxes / mo$725.25$725.25
Insurance / mo$150.00$150.00
MI / mo$292.04$77.38
HOA / mo$562.00$562.00
Total monthly$4,230.44$4,193.52
Cash to close$37,872$42,990