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$340,177$315,900
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.120%7.400%
Blended rate6.670%7.640%
1st payment$2,161.47$2,187.23
2nd payment$0.00$0.00
Taxes / mo$402.92$402.92
Insurance / mo$150.00$150.00
MI / mo$163.13$63.18
HOA / mo$267.00$267.00
Total monthly$3,144.52$3,070.32
Cash to close$10,823$35,100