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$360,338$359,091
Remaining term (yrs)26.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.580%7.400%
Blended rate7.430%7.640%
1st payment$2,402.66$2,486.27
2nd payment$0.00$0.00
Taxes / mo$378.08$378.08
Insurance / mo$150.00$150.00
MI / mo$267.03$71.82
HOA / mo$74.67$74.67
Total monthly$3,272.44$3,160.85
Cash to close$38,652$39,899