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$385,127$377,999
Remaining term (yrs)27.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.660%7.400%
Blended rate7.210%7.640%
1st payment$2,550.30$2,617.19
2nd payment$0.00$0.00
Taxes / mo$340.75$340.75
Insurance / mo$150.00$150.00
MI / mo$181.89$75.60
HOA / mo$145.00$145.00
Total monthly$3,367.94$3,328.54
Cash to close$34,872$42,000