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$337,330$278,100
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.090%7.400%
Blended rate6.640%7.640%
1st payment$2,139.76$1,925.51
2nd payment$0.00$0.00
Taxes / mo$604.33$604.33
Insurance / mo$150.00$150.00
MI / mo$162.01$55.62
HOA / mo$10.92$10.92
Total monthly$3,067.03$2,746.38
Cash to close$0$30,900