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$384,233$346,500
Remaining term (yrs)26.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.900%7.400%
Blended rate7.450%7.640%
1st payment$2,617.82$2,399.10
2nd payment$0.00$0.00
Taxes / mo$620.83$620.83
Insurance / mo$150.00$150.00
MI / mo$182.18$69.30
HOA / mo$96.00$96.00
Total monthly$3,666.83$3,335.23
Cash to close$767$38,500