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$335,325$323,910
Remaining term (yrs)26.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.090%7.400%
Blended rate7.640%7.640%
1st payment$2,326.13$2,242.69
2nd payment$0.00$0.00
Taxes / mo$335.08$335.08
Insurance / mo$150.00$150.00
MI / mo$158.80$64.78
HOA / mo$29.17$29.17
Total monthly$2,999.18$2,821.72
Cash to close$24,575$35,990