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$360,759$328,500
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.090%7.400%
Blended rate6.640%7.640%
1st payment$2,288.38$2,274.47
2nd payment$0.00$0.00
Taxes / mo$96.25$96.25
Insurance / mo$150.00$150.00
MI / mo$173.26$65.70
HOA / mo$70.33$70.33
Total monthly$2,778.22$2,656.75
Cash to close$4,241$36,500