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$357,619$355,500
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.730%7.400%
Blended rate7.280%7.640%
1st payment$2,369.56$2,461.41
2nd payment$0.00$0.00
Taxes / mo$2.75$2.75
Insurance / mo$150.00$150.00
MI / mo$167.79$71.10
HOA / mo$135.00$135.00
Total monthly$2,825.10$2,820.26
Cash to close$37,381$39,500