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$332,549$315,000
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.390%7.400%
Blended rate6.940%7.640%
1st payment$2,135.03$2,181.00
2nd payment$0.00$0.00
Taxes / mo$669.58$669.58
Insurance / mo$150.00$150.00
MI / mo$156.61$63.00
HOA / mo$55.00$55.00
Total monthly$3,166.22$3,118.58
Cash to close$17,451$35,000