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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$381,514$360,000
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.64%7.18%
Blended rate7.19%7.42%
1st payment$2,518.75$2,438.77
2nd payment$0.00$0.00
Taxes / mo$121.50$121.50
Insurance / mo$150.00$150.00
MI / mo$180.01$72.00
HOA / mo$60.00$60.00
Total monthly$3,030.26$2,842.27
Cash to close$18,486$40,000