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$346,621$306,000
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.290%7.400%
Blended rate7.140%7.640%
1st payment$2,253.27$2,118.68
2nd payment$0.00$0.00
Taxes / mo$372.42$372.42
Insurance / mo$150.00$150.00
MI / mo$258.13$61.20
HOA / mo$90.67$90.67
Total monthly$3,124.48$2,792.97
Cash to close$0$34,000