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$339,745$323,910
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.840%7.400%
Blended rate7.390%7.640%
1st payment$2,268.79$2,242.69
2nd payment$0.00$0.00
Taxes / mo$275.25$275.25
Insurance / mo$150.00$150.00
MI / mo$158.86$64.78
HOA / mo$9.08$9.08
Total monthly$2,861.98$2,741.80
Cash to close$20,155$35,990