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$382,881$359,100
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.600%7.320%
Blended rate7.150%7.560%
1st payment$2,545.99$2,466.77
2nd payment$0.00$0.00
Taxes / mo$188.42$188.42
Insurance / mo$150.00$150.00
MI / mo$182.71$71.82
HOA / mo$0.00$0.00
Total monthly$3,067.12$2,877.00
Cash to close$16,119$39,900