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$337,808$305,910
Remaining term (yrs)27.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.790%7.400%
Blended rate8.340%7.640%
1st payment$2,493.46$2,118.06
2nd payment$0.00$0.00
Taxes / mo$583.17$583.17
Insurance / mo$150.00$150.00
MI / mo$158.91$61.18
HOA / mo$8.33$8.33
Total monthly$3,393.86$2,920.74
Cash to close$2,092$33,990