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$376,337$260,910
Remaining term (yrs)27.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.190%7.400%
Blended rate7.740%7.640%
1st payment$2,630.02$1,806.49
2nd payment$0.00$0.00
Taxes / mo$255.67$255.67
Insurance / mo$150.00$150.00
MI / mo$177.76$52.18
HOA / mo$0.00$0.00
Total monthly$3,213.45$2,264.34
Cash to close$0$28,990