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$383,643$378,000
Remaining term (yrs)27.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.940%7.400%
Blended rate7.490%7.640%
1st payment$2,597.20$2,617.20
2nd payment$0.00$0.00
Taxes / mo$310.92$310.92
Insurance / mo$150.00$150.00
MI / mo$180.01$75.60
HOA / mo$0.00$0.00
Total monthly$3,238.13$3,153.71
Cash to close$36,357$42,000