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$357,586$341,910
Remaining term (yrs)27.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.030%7.400%
Blended rate7.580%7.640%
1st payment$2,456.46$2,367.32
2nd payment$0.00$0.00
Taxes / mo$172.50$172.50
Insurance / mo$150.00$150.00
MI / mo$168.72$68.38
HOA / mo$0.00$0.00
Total monthly$2,947.68$2,758.20
Cash to close$22,314$37,990