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$357,882$349,830
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.420%7.400%
Blended rate6.970%7.640%
1st payment$2,338.76$2,422.15
2nd payment$0.00$0.00
Taxes / mo$279.67$279.67
Insurance / mo$150.00$150.00
MI / mo$171.01$69.97
HOA / mo$87.00$87.00
Total monthly$3,026.44$3,008.78
Cash to close$30,818$38,870