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$391,673$359,991
Remaining term (yrs)29.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.400%
Blended rate7.050%7.640%
1st payment$2,482.41$2,492.50
2nd payment$0.00$0.00
Taxes / mo$166.67$166.67
Insurance / mo$150.00$150.00
MI / mo$180.01$72.00
HOA / mo$112.00$112.00
Total monthly$3,091.08$2,993.17
Cash to close$8,317$39,999