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$329,837$323,910
Remaining term (yrs)26.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.670%7.400%
Blended rate7.220%7.640%
1st payment$2,200.62$2,242.69
2nd payment$0.00$0.00
Taxes / mo$281.42$281.42
Insurance / mo$150.00$150.00
MI / mo$156.79$64.78
HOA / mo$65.00$65.00
Total monthly$2,853.83$2,803.89
Cash to close$30,063$35,990