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$396,056$377,100
Remaining term (yrs)28.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.400%
Blended rate7.050%7.640%
1st payment$2,551.94$2,610.96
2nd payment$0.00$0.00
Taxes / mo$135.08$135.08
Insurance / mo$150.00$150.00
MI / mo$185.05$75.42
HOA / mo$78.00$78.00
Total monthly$3,100.07$3,049.47
Cash to close$22,944$41,900