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$330,841$314,100
Remaining term (yrs)27.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.440%7.400%
Blended rate7.990%7.640%
1st payment$2,362.30$2,174.76
2nd payment$0.00$0.00
Taxes / mo$215.33$215.33
Insurance / mo$150.00$150.00
MI / mo$155.76$62.82
HOA / mo$365.00$365.00
Total monthly$3,248.39$2,967.92
Cash to close$18,159$34,900