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$376,776$378,000
Remaining term (yrs)26.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.690%7.400%
Blended rate7.240%7.640%
1st payment$2,518.64$2,617.20
2nd payment$0.00$0.00
Taxes / mo$166.42$166.42
Insurance / mo$150.00$150.00
MI / mo$179.08$75.60
HOA / mo$130.00$130.00
Total monthly$3,144.14$3,139.21
Cash to close$43,224$42,000