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$352,527$332,100
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.820%7.400%
Blended rate7.370%7.640%
1st payment$2,363.65$2,299.39
2nd payment$0.00$0.00
Taxes / mo$100.17$100.17
Insurance / mo$150.00$150.00
MI / mo$165.84$66.42
HOA / mo$0.00$0.00
Total monthly$2,779.65$2,615.98
Cash to close$16,473$36,900