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$370,648$350,100
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.26%7.18%
Blended rate6.81%7.42%
1st payment$2,390.55$2,371.70
2nd payment$0.00$0.00
Taxes / mo$147.17$147.17
Insurance / mo$150.00$150.00
MI / mo$177.76$70.02
HOA / mo$104.67$104.67
Total monthly$2,970.15$2,843.56
Cash to close$18,352$38,900