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$351,477$323,910
Remaining term (yrs)25.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.700%7.400%
Blended rate6.550%7.640%
1st payment$2,165.57$2,242.69
2nd payment$0.00$0.00
Taxes / mo$98.78$98.78
Insurance / mo$150.00$150.00
MI / mo$264.29$64.78
HOA / mo$0.00$0.00
Total monthly$2,678.65$2,556.25
Cash to close$8,423$35,990