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$378,805$360,000
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.650%7.400%
Blended rate7.200%7.640%
1st payment$2,533.89$2,492.57
2nd payment$0.00$0.00
Taxes / mo$102.42$102.42
Insurance / mo$150.00$150.00
MI / mo$180.91$72.00
HOA / mo$100.00$100.00
Total monthly$3,067.21$2,916.98
Cash to close$21,195$40,000