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$347,690$337,500
Remaining term (yrs)27.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.610%7.400%
Blended rate7.160%7.640%
1st payment$2,291.18$2,336.78
2nd payment$0.00$0.00
Taxes / mo$329.75$329.75
Insurance / mo$150.00$150.00
MI / mo$164.26$67.50
HOA / mo$257.00$257.00
Total monthly$3,192.19$3,141.03
Cash to close$27,310$37,500