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$385,986$368,550
Remaining term (yrs)26.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.090%7.320%
Blended rate7.640%7.560%
1st payment$2,674.82$2,531.68
2nd payment$0.00$0.00
Taxes / mo$341.25$341.25
Insurance / mo$150.00$150.00
MI / mo$182.61$73.71
HOA / mo$0.00$0.00
Total monthly$3,348.68$3,096.64
Cash to close$23,514$40,950