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$376,109$359,910
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.940%7.400%
Blended rate7.490%7.640%
1st payment$2,551.24$2,491.94
2nd payment$0.00$0.00
Taxes / mo$154.25$154.25
Insurance / mo$150.00$150.00
MI / mo$176.83$71.98
HOA / mo$215.00$215.00
Total monthly$3,247.32$3,083.18
Cash to close$23,791$39,990