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$364,981$332,991
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.640%7.400%
Blended rate7.190%7.640%
1st payment$2,407.04$2,305.56
2nd payment$0.00$0.00
Taxes / mo$377.13$377.13
Insurance / mo$150.00$150.00
MI / mo$172.03$66.60
HOA / mo$250.00$250.00
Total monthly$3,356.20$3,149.29
Cash to close$5,009$36,999