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$390,280$346,410
Remaining term (yrs)27.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.67%7.18%
Blended rate7.22%7.42%
1st payment$2,589.71$2,346.70
2nd payment$0.00$0.00
Taxes / mo$222.50$222.50
Insurance / mo$150.00$150.00
MI / mo$184.51$69.28
HOA / mo$93.33$93.33
Total monthly$3,240.05$2,881.81
Cash to close$0$38,490