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$348,201$319,499
Remaining term (yrs)29.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.110%7.400%
Blended rate6.660%7.640%
1st payment$2,124.92$2,212.15
2nd payment$0.00$0.00
Taxes / mo$138.17$138.17
Insurance / mo$150.00$150.00
MI / mo$160.54$63.90
HOA / mo$65.00$65.00
Total monthly$2,638.63$2,629.21
Cash to close$6,798$35,500