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$378,739$359,910
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.79%7.18%
Blended rate7.34%7.42%
1st payment$2,534.60$2,438.16
2nd payment$0.00$0.00
Taxes / mo$16.17$16.17
Insurance / mo$150.00$150.00
MI / mo$178.38$71.98
HOA / mo$146.00$146.00
Total monthly$3,025.15$2,822.30
Cash to close$21,161$39,990