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$370,075$341,100
Remaining term (yrs)21.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate4.040%7.400%
Blended rate4.890%7.640%
1st payment$2,123.06$2,361.71
2nd payment$0.00$0.00
Taxes / mo$140.92$140.92
Insurance / mo$150.00$150.00
MI / mo$313.48$68.22
HOA / mo$231.00$231.00
Total monthly$2,958.46$2,951.84
Cash to close$8,925$37,900