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$364,983$348,750
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.320%7.400%
Blended rate6.870%7.640%
1st payment$2,314.30$2,414.67
2nd payment$0.00$0.00
Taxes / mo$28.17$28.17
Insurance / mo$150.00$150.00
MI / mo$171.01$69.75
HOA / mo$133.00$133.00
Total monthly$2,796.47$2,795.59
Cash to close$22,517$38,750