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$337,964$323,910
Remaining term (yrs)28.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.950%7.400%
Blended rate7.500%7.640%
1st payment$2,274.85$2,242.69
2nd payment$0.00$0.00
Taxes / mo$442.35$442.35
Insurance / mo$150.00$150.00
MI / mo$157.51$64.78
HOA / mo$0.00$0.00
Total monthly$3,024.71$2,899.82
Cash to close$21,936$35,990