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$372,085$346,500
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.790%7.400%
Blended rate7.340%7.640%
1st payment$2,487.51$2,399.10
2nd payment$0.00$0.00
Taxes / mo$538.25$538.25
Insurance / mo$150.00$150.00
MI / mo$175.06$69.30
HOA / mo$603.00$603.00
Total monthly$3,953.82$3,759.65
Cash to close$12,915$38,500