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$388,445$359,999
Remaining term (yrs)29.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.230%7.320%
Blended rate6.780%7.560%
1st payment$2,405.34$2,472.94
2nd payment$0.00$0.00
Taxes / mo$614.83$614.83
Insurance / mo$150.00$150.00
MI / mo$179.43$72.00
HOA / mo$343.67$343.67
Total monthly$3,693.27$3,653.45
Cash to close$11,554$40,000