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$358,749$332,991
Remaining term (yrs)26.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.430%7.400%
Blended rate6.980%7.640%
1st payment$2,341.20$2,305.56
2nd payment$0.00$0.00
Taxes / mo$202.08$202.08
Insurance / mo$150.00$150.00
MI / mo$171.01$66.60
HOA / mo$113.33$113.33
Total monthly$2,977.63$2,837.57
Cash to close$11,241$36,999