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$363,095$301,410
Remaining term (yrs)27.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.610%7.400%
Blended rate7.160%7.640%
1st payment$2,397.90$2,086.90
2nd payment$0.00$0.00
Taxes / mo$157.31$157.31
Insurance / mo$150.00$150.00
MI / mo$171.91$60.28
HOA / mo$82.00$82.00
Total monthly$2,959.11$2,536.50
Cash to close$0$33,490