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$364,575$360,000
Remaining term (yrs)27.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.670%7.400%
Blended rate7.220%7.640%
1st payment$2,421.75$2,492.57
2nd payment$0.00$0.00
Taxes / mo$107.42$107.42
Insurance / mo$150.00$150.00
MI / mo$172.55$72.00
HOA / mo$130.00$130.00
Total monthly$2,981.72$2,951.98
Cash to close$35,425$40,000