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$380,678$369,000
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.320%7.320%
Blended rate6.870%7.560%
1st payment$2,466.62$2,534.77
2nd payment$0.00$0.00
Taxes / mo$100.42$100.42
Insurance / mo$150.00$150.00
MI / mo$182.26$73.80
HOA / mo$71.00$71.00
Total monthly$2,970.30$2,929.99
Cash to close$29,322$41,000