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$359,210$359,100
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.880%7.320%
Blended rate7.430%7.560%
1st payment$2,420.09$2,466.77
2nd payment$0.00$0.00
Taxes / mo$332.50$332.50
Insurance / mo$150.00$150.00
MI / mo$168.76$71.82
HOA / mo$0.00$0.00
Total monthly$3,071.35$3,021.09
Cash to close$39,790$39,900