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$357,765$339,300
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.57%7.18%
Blended rate7.12%7.42%
1st payment$2,369.40$2,298.54
2nd payment$0.00$0.00
Taxes / mo$140.08$140.08
Insurance / mo$150.00$150.00
MI / mo$170.57$67.86
HOA / mo$52.00$52.00
Total monthly$2,882.05$2,708.48
Cash to close$19,235$37,700