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$339,613$337,500
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.820%7.400%
Blended rate7.370%7.640%
1st payment$2,277.06$2,336.78
2nd payment$0.00$0.00
Taxes / mo$423.58$423.58
Insurance / mo$150.00$150.00
MI / mo$159.76$67.50
HOA / mo$0.00$0.00
Total monthly$3,010.41$2,977.87
Cash to close$35,387$37,500