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$339,568$319,050
Remaining term (yrs)27.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.570%7.400%
Blended rate8.120%7.640%
1st payment$2,460.89$2,209.04
2nd payment$0.00$0.00
Taxes / mo$512.97$512.97
Insurance / mo$150.00$150.00
MI / mo$160.21$63.81
HOA / mo$300.00$300.00
Total monthly$3,584.07$3,235.81
Cash to close$14,932$35,450