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$376,261$341,100
Remaining term (yrs)29.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.060%7.400%
Blended rate6.610%7.640%
1st payment$2,284.07$2,361.71
2nd payment$0.00$0.00
Taxes / mo$707.58$707.58
Insurance / mo$150.00$150.00
MI / mo$173.49$68.22
HOA / mo$13.08$13.08
Total monthly$3,328.22$3,300.59
Cash to close$2,739$37,900