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$360,585$330,300
Remaining term (yrs)26.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.900%7.400%
Blended rate7.450%7.640%
1st payment$2,456.70$2,286.93
2nd payment$0.00$0.00
Taxes / mo$229.83$229.83
Insurance / mo$150.00$150.00
MI / mo$170.97$66.06
HOA / mo$316.00$316.00
Total monthly$3,323.50$3,048.82
Cash to close$6,415$36,700