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$367,313$287,910
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.990%7.400%
Blended rate7.540%7.640%
1st payment$2,501.15$1,993.43
2nd payment$0.00$0.00
Taxes / mo$93.83$93.83
Insurance / mo$150.00$150.00
MI / mo$172.48$57.58
HOA / mo$116.00$116.00
Total monthly$3,033.47$2,410.85
Cash to close$0$31,990