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$379,306$346,410
Remaining term (yrs)27.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.310%7.400%
Blended rate7.860%7.640%
1st payment$2,680.79$2,398.47
2nd payment$0.00$0.00
Taxes / mo$420.08$420.08
Insurance / mo$150.00$150.00
MI / mo$179.04$69.28
HOA / mo$17.75$17.75
Total monthly$3,447.67$3,055.59
Cash to close$5,594$38,490