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$360,158$342,000
Remaining term (yrs)27.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.66%7.18%
Blended rate7.21%7.42%
1st payment$2,384.96$2,316.83
2nd payment$0.00$0.00
Taxes / mo$303.17$303.17
Insurance / mo$150.00$150.00
MI / mo$170.10$68.40
HOA / mo$284.00$284.00
Total monthly$3,292.22$3,122.39
Cash to close$19,842$38,000