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$344,970$324,000
Remaining term (yrs)27.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.070%7.400%
Blended rate7.620%7.640%
1st payment$2,386.07$2,243.31
2nd payment$0.00$0.00
Taxes / mo$114.25$114.25
Insurance / mo$150.00$150.00
MI / mo$163.22$64.80
HOA / mo$115.00$115.00
Total monthly$2,928.55$2,687.36
Cash to close$15,030$36,000