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$372,234$352,350
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.870%7.400%
Blended rate7.420%7.640%
1st payment$2,505.40$2,439.60
2nd payment$0.00$0.00
Taxes / mo$158.25$158.25
Insurance / mo$150.00$150.00
MI / mo$174.89$70.47
HOA / mo$112.00$112.00
Total monthly$3,100.54$2,930.32
Cash to close$19,266$39,150