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$341,008$288,000
Remaining term (yrs)29.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.260%7.400%
Blended rate6.810%7.640%
1st payment$2,118.21$1,994.05
2nd payment$0.00$0.00
Taxes / mo$103.82$103.82
Insurance / mo$150.00$150.00
MI / mo$157.51$57.60
HOA / mo$7.25$7.25
Total monthly$2,536.79$2,312.72
Cash to close$0$32,000