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$386,081$369,000
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.990%7.400%
Blended rate7.540%7.640%
1st payment$2,628.95$2,554.88
2nd payment$0.00$0.00
Taxes / mo$116.42$116.42
Insurance / mo$150.00$150.00
MI / mo$181.29$73.80
HOA / mo$0.00$0.00
Total monthly$3,076.66$2,895.10
Cash to close$23,919$41,000