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$366,732$359,100
Remaining term (yrs)27.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.6%7.18%
Blended rate7.15%7.42%
1st payment$2,414.30$2,432.67
2nd payment$0.00$0.00
Taxes / mo$129.50$129.50
Insurance / mo$150.00$150.00
MI / mo$173.26$71.82
HOA / mo$66.67$66.67
Total monthly$2,933.73$2,850.66
Cash to close$32,268$39,900