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$358,048$338,310
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.640%7.400%
Blended rate7.190%7.640%
1st payment$2,361.32$2,342.39
2nd payment$0.00$0.00
Taxes / mo$654.83$654.83
Insurance / mo$150.00$150.00
MI / mo$168.76$67.66
HOA / mo$19.00$19.00
Total monthly$3,353.92$3,233.89
Cash to close$17,852$37,590