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$372,278$341,910
Remaining term (yrs)29.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.580%7.400%
Blended rate7.130%7.640%
1st payment$2,396.79$2,367.32
2nd payment$0.00$0.00
Taxes / mo$57.83$57.83
Insurance / mo$150.00$150.00
MI / mo$172.36$68.38
HOA / mo$0.00$0.00
Total monthly$2,776.98$2,643.53
Cash to close$7,622$37,990