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$392,033$367,999
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.400%
Blended rate7.050%7.640%
1st payment$2,587.91$2,547.95
2nd payment$0.00$0.00
Taxes / mo$584.39$584.39
Insurance / mo$150.00$150.00
MI / mo$187.66$73.60
HOA / mo$11.00$11.00
Total monthly$3,520.96$3,366.94
Cash to close$16,855$40,889