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$343,100$348,120
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.990%7.400%
Blended rate7.540%7.640%
1st payment$2,336.28$2,410.31
2nd payment$0.00$0.00
Taxes / mo$99.42$99.42
Insurance / mo$150.00$150.00
MI / mo$161.11$69.62
HOA / mo$0.00$0.00
Total monthly$2,746.81$2,729.35
Cash to close$43,700$38,680