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$336,128$328,500
Remaining term (yrs)26.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.960%7.400%
Blended rate7.510%7.640%
1st payment$2,303.18$2,274.47
2nd payment$0.00$0.00
Taxes / mo$139.33$139.33
Insurance / mo$150.00$150.00
MI / mo$159.31$65.70
HOA / mo$100.00$100.00
Total monthly$2,851.83$2,729.50
Cash to close$28,872$36,500