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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$386,787$377,999
Remaining term (yrs)26.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.9%7.18%
Blended rate7.75%7.42%
1st payment$2,664.28$2,560.70
2nd payment$0.00$0.00
Taxes / mo$168.58$168.58
Insurance / mo$150.00$150.00
MI / mo$286.55$75.60
HOA / mo$0.00$0.00
Total monthly$3,269.41$2,954.88
Cash to close$33,212$42,000