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$330,465$269,100
Remaining term (yrs)27.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.220%7.400%
Blended rate7.770%7.640%
1st payment$2,311.43$1,863.19
2nd payment$0.00$0.00
Taxes / mo$260.83$260.83
Insurance / mo$150.00$150.00
MI / mo$155.76$53.82
HOA / mo$365.00$365.00
Total monthly$3,243.03$2,692.85
Cash to close$0$29,900