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$330,926$314,010
Remaining term (yrs)27.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.820%7.400%
Blended rate7.370%7.640%
1st payment$2,225.68$2,174.14
2nd payment$0.00$0.00
Taxes / mo$300.83$300.83
Insurance / mo$150.00$150.00
MI / mo$156.16$62.80
HOA / mo$168.00$168.00
Total monthly$3,000.67$2,855.78
Cash to close$17,974$34,890