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$348,332$328,410
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.370%7.400%
Blended rate6.920%7.640%
1st payment$2,265.32$2,273.84
2nd payment$0.00$0.00
Taxes / mo$197.58$197.58
Insurance / mo$150.00$150.00
MI / mo$166.51$65.68
HOA / mo$0.00$0.00
Total monthly$2,779.41$2,687.11
Cash to close$16,568$36,490