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$341,983$315,000
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.790%7.400%
Blended rate7.340%7.640%
1st payment$2,313.16$2,181.00
2nd payment$0.00$0.00
Taxes / mo$440.14$440.14
Insurance / mo$150.00$150.00
MI / mo$162.79$63.00
HOA / mo$43.33$43.33
Total monthly$3,109.41$2,877.46
Cash to close$8,017$35,000