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$376,187$373,500
Remaining term (yrs)27.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.120%7.400%
Blended rate7.670%7.640%
1st payment$2,611.67$2,586.04
2nd payment$0.00$0.00
Taxes / mo$382.67$382.67
Insurance / mo$150.00$150.00
MI / mo$177.76$74.70
HOA / mo$0.00$0.00
Total monthly$3,322.10$3,193.41
Cash to close$38,813$41,500