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$387,128$380,700
Remaining term (yrs)27.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.440%7.320%
Blended rate7.990%7.560%
1st payment$2,764.20$2,615.14
2nd payment$0.00$0.00
Taxes / mo$352.50$352.50
Insurance / mo$150.00$150.00
MI / mo$182.26$76.14
HOA / mo$0.00$0.00
Total monthly$3,448.97$3,193.78
Cash to close$35,872$42,300