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$360,054$332,100
Remaining term (yrs)26.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.96%7.18%
Blended rate7.51%7.42%
1st payment$2,472.34$2,249.76
2nd payment$0.00$0.00
Taxes / mo$217.42$217.42
Insurance / mo$150.00$150.00
MI / mo$171.01$66.42
HOA / mo$150.00$150.00
Total monthly$3,160.77$2,833.60
Cash to close$8,946$36,900