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$377,184$359,910
Remaining term (yrs)27.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.190%7.400%
Blended rate7.740%7.640%
1st payment$2,635.94$2,491.94
2nd payment$0.00$0.00
Taxes / mo$191.42$191.42
Insurance / mo$150.00$150.00
MI / mo$178.16$71.98
HOA / mo$96.00$96.00
Total monthly$3,251.52$3,001.34
Cash to close$22,716$39,990