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$384,274$382,500
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.700%7.400%
Blended rate7.550%7.640%
1st payment$2,597.71$2,648.35
2nd payment$0.00$0.00
Taxes / mo$246.83$246.83
Insurance / mo$150.00$150.00
MI / mo$285.16$76.50
HOA / mo$43.00$43.00
Total monthly$3,322.70$3,164.69
Cash to close$40,726$42,500