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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$374,002$373,500
Remaining term (yrs)27.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.63%7.18%
Blended rate7.18%7.42%
1st payment$2,472.05$2,530.22
2nd payment$0.00$0.00
Taxes / mo$208.58$208.58
Insurance / mo$150.00$150.00
MI / mo$176.86$74.70
HOA / mo$95.00$95.00
Total monthly$3,102.49$3,058.50
Cash to close$40,998$41,500