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$380,283$346,410
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.200%7.400%
Blended rate6.750%7.640%
1st payment$2,387.40$2,398.47
2nd payment$0.00$0.00
Taxes / mo$483.11$483.11
Insurance / mo$150.00$150.00
MI / mo$178.66$69.28
HOA / mo$99.00$99.00
Total monthly$3,298.16$3,199.86
Cash to close$4,617$38,490