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$365,716$337,410
Remaining term (yrs)25.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.230%7.320%
Blended rate6.080%7.560%
1st payment$2,153.12$2,317.77
2nd payment$0.00$0.00
Taxes / mo$107.75$107.75
Insurance / mo$150.00$150.00
MI / mo$276.81$67.48
HOA / mo$71.00$71.00
Total monthly$2,758.68$2,714.00
Cash to close$9,184$37,490