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$329,297$313,650
Remaining term (yrs)28.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.690%7.400%
Blended rate7.240%7.640%
1st payment$2,164.58$2,171.65
2nd payment$0.00$0.00
Taxes / mo$85.67$85.67
Insurance / mo$150.00$150.00
MI / mo$153.91$62.73
HOA / mo$103.00$103.00
Total monthly$2,657.16$2,573.05
Cash to close$19,203$34,850