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$375,058$314,910
Remaining term (yrs)26.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.960%7.320%
Blended rate7.510%7.560%
1st payment$2,569.93$2,163.21
2nd payment$0.00$0.00
Taxes / mo$451.33$451.33
Insurance / mo$150.00$150.00
MI / mo$177.76$62.98
HOA / mo$0.00$0.00
Total monthly$3,349.03$2,827.53
Cash to close$0$34,990