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$347,296$337,500
Remaining term (yrs)28.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.830%7.400%
Blended rate7.380%7.640%
1st payment$2,301.51$2,336.78
2nd payment$0.00$0.00
Taxes / mo$83.25$83.25
Insurance / mo$150.00$150.00
MI / mo$161.31$67.50
HOA / mo$0.00$0.00
Total monthly$2,696.07$2,637.53
Cash to close$27,704$37,500