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$378,263$368,100
Remaining term (yrs)28.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.890%7.320%
Blended rate7.440%7.560%
1st payment$2,519.38$2,528.59
2nd payment$0.00$0.00
Taxes / mo$335.03$335.03
Insurance / mo$150.00$150.00
MI / mo$175.51$73.62
HOA / mo$26.67$26.67
Total monthly$3,206.59$3,113.91
Cash to close$30,737$40,900