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$360,245$319,410
Remaining term (yrs)26.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.710%7.400%
Blended rate7.260%7.640%
1st payment$2,410.12$2,211.53
2nd payment$0.00$0.00
Taxes / mo$94.75$94.75
Insurance / mo$150.00$150.00
MI / mo$171.01$63.88
HOA / mo$70.00$70.00
Total monthly$2,895.88$2,590.16
Cash to close$0$35,490