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$361,606$359,910
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.820%7.400%
Blended rate7.370%7.640%
1st payment$2,424.52$2,491.94
2nd payment$0.00$0.00
Taxes / mo$718.92$718.92
Insurance / mo$150.00$150.00
MI / mo$170.11$71.98
HOA / mo$54.67$54.67
Total monthly$3,518.22$3,487.51
Cash to close$38,294$39,990