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$359,854$359,910
Remaining term (yrs)27.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.060%7.400%
Blended rate7.610%7.640%
1st payment$2,464.55$2,491.94
2nd payment$0.00$0.00
Taxes / mo$333.25$333.25
Insurance / mo$150.00$150.00
MI / mo$168.76$71.98
HOA / mo$477.00$477.00
Total monthly$3,593.56$3,524.18
Cash to close$40,046$39,990