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$358,362$332,999
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.600%7.400%
Blended rate7.150%7.640%
1st payment$2,382.94$2,305.62
2nd payment$0.00$0.00
Taxes / mo$282.25$282.25
Insurance / mo$150.00$150.00
MI / mo$171.01$66.60
HOA / mo$52.00$52.00
Total monthly$3,038.21$2,856.47
Cash to close$11,637$37,000