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$368,404$359,910
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.730%7.320%
Blended rate7.280%7.560%
1st payment$2,436.10$2,472.33
2nd payment$0.00$0.00
Taxes / mo$436.92$436.92
Insurance / mo$150.00$150.00
MI / mo$172.50$71.98
HOA / mo$375.00$375.00
Total monthly$3,570.52$3,506.23
Cash to close$31,496$39,990