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$371,247$359,100
Remaining term (yrs)26.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.900%7.400%
Blended rate7.750%7.640%
1st payment$2,554.35$2,486.34
2nd payment$0.00$0.00
Taxes / mo$190.00$190.00
Insurance / mo$150.00$150.00
MI / mo$274.72$71.82
HOA / mo$0.00$0.00
Total monthly$3,169.07$2,898.16
Cash to close$27,753$39,900