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$333,913$323,100
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.690%7.400%
Blended rate7.240%7.640%
1st payment$2,215.28$2,237.08
2nd payment$0.00$0.00
Taxes / mo$430.92$430.92
Insurance / mo$150.00$150.00
MI / mo$157.51$64.62
HOA / mo$0.00$0.00
Total monthly$2,953.71$2,882.62
Cash to close$25,087$35,900