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$334,448$323,100
Remaining term (yrs)28.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.540%7.400%
Blended rate7.090%7.640%
1st payment$2,165.85$2,237.08
2nd payment$0.00$0.00
Taxes / mo$356.33$356.33
Insurance / mo$150.00$150.00
MI / mo$156.40$64.62
HOA / mo$9.08$9.08
Total monthly$2,837.66$2,817.11
Cash to close$24,552$35,900