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$362,659$350,910
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.6%7.18%
Blended rate7.15%7.42%
1st payment$2,414.30$2,377.19
2nd payment$0.00$0.00
Taxes / mo$403.67$403.67
Insurance / mo$150.00$150.00
MI / mo$173.26$70.18
HOA / mo$0.00$0.00
Total monthly$3,141.22$3,001.04
Cash to close$27,241$38,990