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$371,376$337,050
Remaining term (yrs)27.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.57%7.18%
Blended rate8.12%7.42%
1st payment$2,691.41$2,283.29
2nd payment$0.00$0.00
Taxes / mo$30.42$30.42
Insurance / mo$150.00$150.00
MI / mo$175.22$67.41
HOA / mo$69.00$69.00
Total monthly$3,116.05$2,600.12
Cash to close$3,124$37,450