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$359,164$360,000
Remaining term (yrs)24.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.21%7.18%
Blended rate6.76%7.42%
1st payment$2,387.59$2,438.77
2nd payment$0.00$0.00
Taxes / mo$68.08$68.08
Insurance / mo$150.00$150.00
MI / mo$166.51$72.00
HOA / mo$0.00$0.00
Total monthly$2,772.19$2,728.85
Cash to close$40,836$40,000