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$362,007$341,100
Remaining term (yrs)28.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.95%7.11%
Blended rate7.5%7.35%
1st payment$2,436.69$2,294.60
2nd payment$0.00$0.00
Taxes / mo$379.00$379.00
Insurance / mo$150.00$150.00
MI / mo$168.72$68.22
HOA / mo$0.00$0.00
Total monthly$3,134.41$2,891.82
Cash to close$16,993$37,900