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$341,711$265,050
Remaining term (yrs)28.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.600%7.400%
Blended rate7.150%7.640%
1st payment$2,226.17$1,835.15
2nd payment$0.00$0.00
Taxes / mo$358.50$358.50
Insurance / mo$150.00$150.00
MI / mo$159.76$53.01
HOA / mo$0.00$0.00
Total monthly$2,894.43$2,396.66
Cash to close$0$29,450