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$390,299$386,910
Remaining term (yrs)27.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.64%7.18%
Blended rate7.19%7.42%
1st payment$2,579.51$2,621.06
2nd payment$0.00$0.00
Taxes / mo$147.83$147.83
Insurance / mo$150.00$150.00
MI / mo$184.35$77.38
HOA / mo$0.00$0.00
Total monthly$3,061.70$2,996.28
Cash to close$39,601$42,990