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$333,048$333,000
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.740%7.400%
Blended rate7.290%7.640%
1st payment$2,220.33$2,305.62
2nd payment$0.00$0.00
Taxes / mo$378.31$378.31
Insurance / mo$150.00$150.00
MI / mo$157.06$66.60
HOA / mo$120.00$120.00
Total monthly$3,025.69$3,020.53
Cash to close$36,952$37,000