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$354,395$337,410
Remaining term (yrs)26.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.230%7.400%
Blended rate7.780%7.640%
1st payment$2,493.46$2,336.16
2nd payment$0.00$0.00
Taxes / mo$125.33$125.33
Insurance / mo$150.00$150.00
MI / mo$167.86$67.48
HOA / mo$100.00$100.00
Total monthly$3,036.66$2,778.97
Cash to close$20,505$37,490