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$383,154$377,999
Remaining term (yrs)28.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.690%7.400%
Blended rate7.240%7.640%
1st payment$2,518.61$2,617.19
2nd payment$0.00$0.00
Taxes / mo$166.67$166.67
Insurance / mo$150.00$150.00
MI / mo$179.08$75.60
HOA / mo$105.00$105.00
Total monthly$3,119.35$3,114.46
Cash to close$36,845$42,000