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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$367,292$355,041
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.5%7.18%
Blended rate7.05%7.42%
1st payment$2,376.44$2,405.17
2nd payment$0.00$0.00
Taxes / mo$158.83$158.83
Insurance / mo$150.00$150.00
MI / mo$172.32$71.01
HOA / mo$96.00$96.00
Total monthly$2,953.59$2,881.01
Cash to close$27,198$39,449