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$382,194$359,999
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.780%7.400%
Blended rate7.330%7.640%
1st payment$2,555.24$2,492.56
2nd payment$0.00$0.00
Taxes / mo$97.83$97.83
Insurance / mo$150.00$150.00
MI / mo$180.01$72.00
HOA / mo$0.00$0.00
Total monthly$2,983.08$2,812.39
Cash to close$17,805$40,000