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$344,255$332,100
Remaining term (yrs)28.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.720%7.400%
Blended rate7.270%7.640%
1st payment$2,250.09$2,299.39
2nd payment$0.00$0.00
Taxes / mo$319.92$319.92
Insurance / mo$150.00$150.00
MI / mo$159.49$66.42
HOA / mo$16.67$16.67
Total monthly$2,896.17$2,852.40
Cash to close$24,745$36,900