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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$371,526$373,500
Remaining term (yrs)27.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.9%7.18%
Blended rate7.45%7.42%
1st payment$2,520.67$2,530.22
2nd payment$0.00$0.00
Taxes / mo$99.50$99.50
Insurance / mo$150.00$150.00
MI / mo$175.42$74.70
HOA / mo$90.00$90.00
Total monthly$3,035.59$2,944.42
Cash to close$43,474$41,500