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$384,283$363,600
Remaining term (yrs)27.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.400%
Blended rate7.050%7.640%
1st payment$2,513.51$2,517.49
2nd payment$0.00$0.00
Taxes / mo$458.17$458.17
Insurance / mo$150.00$150.00
MI / mo$182.26$72.72
HOA / mo$38.33$38.33
Total monthly$3,342.27$3,236.71
Cash to close$19,717$40,400