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$377,827$367,650
Remaining term (yrs)27.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.500%7.400%
Blended rate8.050%7.640%
1st payment$2,717.97$2,545.53
2nd payment$0.00$0.00
Taxes / mo$191.42$191.42
Insurance / mo$150.00$150.00
MI / mo$178.16$73.53
HOA / mo$96.00$96.00
Total monthly$3,333.55$3,056.48
Cash to close$30,673$40,850