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$374,270$359,991
Remaining term (yrs)28.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.850%7.400%
Blended rate7.400%7.640%
1st payment$2,489.85$2,492.50
2nd payment$0.00$0.00
Taxes / mo$134.25$134.25
Insurance / mo$150.00$150.00
MI / mo$174.16$72.00
HOA / mo$125.00$125.00
Total monthly$3,073.26$2,973.75
Cash to close$25,720$39,999