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$362,874$332,910
Remaining term (yrs)29.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.550%7.400%
Blended rate7.100%7.640%
1st payment$2,307.62$2,305.00
2nd payment$0.00$0.00
Taxes / mo$58.42$58.42
Insurance / mo$150.00$150.00
MI / mo$166.47$66.58
HOA / mo$0.00$0.00
Total monthly$2,682.50$2,580.00
Cash to close$7,026$36,990