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$365,595$359,099
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.22%7.18%
Blended rate7.77%7.42%
1st payment$2,544.93$2,432.66
2nd payment$0.00$0.00
Taxes / mo$97.00$97.00
Insurance / mo$150.00$150.00
MI / mo$171.50$71.82
HOA / mo$0.00$0.00
Total monthly$2,963.43$2,751.48
Cash to close$33,404$39,900