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$367,938$342,000
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.700%7.400%
Blended rate7.550%7.640%
1st payment$2,487.28$2,367.94
2nd payment$0.00$0.00
Taxes / mo$201.33$201.33
Insurance / mo$150.00$150.00
MI / mo$273.03$68.40
HOA / mo$100.00$100.00
Total monthly$3,211.65$2,887.67
Cash to close$12,062$38,000