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$363,179$350,100
Remaining term (yrs)26.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.110%7.400%
Blended rate6.960%7.640%
1st payment$2,317.09$2,424.02
2nd payment$0.00$0.00
Taxes / mo$101.08$101.08
Insurance / mo$150.00$150.00
MI / mo$270.55$70.02
HOA / mo$0.00$0.00
Total monthly$2,838.72$2,745.13
Cash to close$25,821$38,900