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$343,788$310,500
Remaining term (yrs)28.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.630%7.400%
Blended rate7.180%7.640%
1st payment$2,226.73$2,149.84
2nd payment$0.00$0.00
Taxes / mo$496.92$496.92
Insurance / mo$150.00$150.00
MI / mo$159.31$62.10
HOA / mo$0.00$0.00
Total monthly$3,032.95$2,858.86
Cash to close$1,212$34,500