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$358,709$328,410
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.690%7.400%
Blended rate7.240%7.640%
1st payment$2,379.78$2,273.84
2nd payment$0.00$0.00
Taxes / mo$550.33$550.33
Insurance / mo$150.00$150.00
MI / mo$169.21$65.68
HOA / mo$104.67$104.67
Total monthly$3,353.99$3,144.53
Cash to close$6,191$36,490