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$392,237$387,000
Remaining term (yrs)27.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.650%7.400%
Blended rate7.200%7.640%
1st payment$2,606.13$2,679.51
2nd payment$0.00$0.00
Taxes / mo$120.25$120.25
Insurance / mo$150.00$150.00
MI / mo$186.07$77.40
HOA / mo$139.00$139.00
Total monthly$3,201.45$3,166.16
Cash to close$37,763$43,000