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$363,775$359,999
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.710%7.400%
Blended rate7.260%7.640%
1st payment$2,441.83$2,492.56
2nd payment$0.00$0.00
Taxes / mo$429.96$429.96
Insurance / mo$150.00$150.00
MI / mo$173.26$72.00
HOA / mo$0.00$0.00
Total monthly$3,195.04$3,144.52
Cash to close$36,224$40,000