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$367,048$350,999
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.35%7.18%
Blended rate6.9%7.42%
1st payment$2,339.47$2,377.79
2nd payment$0.00$0.00
Taxes / mo$158.83$158.83
Insurance / mo$150.00$150.00
MI / mo$172.32$70.20
HOA / mo$96.00$96.00
Total monthly$2,916.63$2,852.82
Cash to close$22,951$39,000