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$369,144$369,000
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.090%7.320%
Blended rate7.640%7.560%
1st payment$2,537.91$2,534.77
2nd payment$0.00$0.00
Taxes / mo$434.25$434.25
Insurance / mo$150.00$150.00
MI / mo$173.26$73.80
HOA / mo$0.00$0.00
Total monthly$3,295.42$3,192.82
Cash to close$40,856$41,000