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$390,567$382,500
Remaining term (yrs)27.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.610%7.400%
Blended rate7.160%7.640%
1st payment$2,573.73$2,648.35
2nd payment$0.00$0.00
Taxes / mo$157.25$157.25
Insurance / mo$150.00$150.00
MI / mo$184.51$76.50
HOA / mo$25.00$25.00
Total monthly$3,090.49$3,057.10
Cash to close$34,433$42,500