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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$391,188$376,200
Remaining term (yrs)27.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.900%7.400%
Blended rate7.450%7.640%
1st payment$2,651.35$2,604.73
2nd payment$0.00$0.00
Taxes / mo$222.50$222.50
Insurance / mo$150.00$150.00
MI / mo$184.51$75.24
HOA / mo$90.00$90.00
Total monthly$3,298.36$3,142.47
Cash to close$26,812$41,800