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$363,594$333,000
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.920%7.400%
Blended rate7.470%7.640%
1st payment$2,454.28$2,305.62
2nd payment$0.00$0.00
Taxes / mo$212.58$212.58
Insurance / mo$150.00$150.00
MI / mo$170.45$66.60
HOA / mo$99.00$99.00
Total monthly$3,086.32$2,833.81
Cash to close$6,406$37,000