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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$379,594$278,910
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.95%7.18%
Blended rate7.5%7.42%
1st payment$2,567.27$1,889.43
2nd payment$0.00$0.00
Taxes / mo$236.00$236.00
Insurance / mo$150.00$150.00
MI / mo$177.76$55.78
HOA / mo$96.00$96.00
Total monthly$3,227.02$2,427.22
Cash to close$0$30,990