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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$357,278$323,100
Remaining term (yrs)28.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.650%7.400%
Blended rate7.200%7.640%
1st payment$2,332.25$2,237.08
2nd payment$0.00$0.00
Taxes / mo$112.58$112.58
Insurance / mo$150.00$150.00
MI / mo$166.51$64.62
HOA / mo$0.00$0.00
Total monthly$2,761.34$2,564.28
Cash to close$1,722$35,900