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$384,833$369,899
Remaining term (yrs)28.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.600%7.400%
Blended rate7.150%7.640%
1st payment$2,504.58$2,561.11
2nd payment$0.00$0.00
Taxes / mo$21.50$21.50
Insurance / mo$150.00$150.00
MI / mo$179.74$73.98
HOA / mo$88.00$88.00
Total monthly$2,943.82$2,894.59
Cash to close$26,166$41,100