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$358,472$332,910
Remaining term (yrs)28.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.810%7.400%
Blended rate7.360%7.640%
1st payment$2,370.85$2,305.00
2nd payment$0.00$0.00
Taxes / mo$289.50$289.50
Insurance / mo$150.00$150.00
MI / mo$166.51$66.58
HOA / mo$258.33$258.33
Total monthly$3,235.19$3,069.41
Cash to close$11,428$36,990