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$371,760$356,700
Remaining term (yrs)28.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.950%7.400%
Blended rate7.500%7.640%
1st payment$2,502.34$2,469.72
2nd payment$0.00$0.00
Taxes / mo$116.50$116.50
Insurance / mo$150.00$150.00
MI / mo$173.26$71.34
HOA / mo$34.00$34.00
Total monthly$2,976.10$2,841.56
Cash to close$24,573$39,633