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$358,900$335,700
Remaining term (yrs)23.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.400%
Blended rate7.050%7.640%
1st payment$2,505.02$2,324.32
2nd payment$0.00$0.00
Taxes / mo$113.58$113.58
Insurance / mo$150.00$150.00
MI / mo$167.23$67.14
HOA / mo$61.00$61.00
Total monthly$2,996.84$2,716.04
Cash to close$14,100$37,300