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$348,350$319,500
Remaining term (yrs)29.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.400%
Blended rate7.050%7.640%
1st payment$2,213.98$2,212.15
2nd payment$0.00$0.00
Taxes / mo$138.17$138.17
Insurance / mo$150.00$150.00
MI / mo$160.54$63.90
HOA / mo$65.00$65.00
Total monthly$2,727.69$2,629.22
Cash to close$6,650$35,500