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$337,576$296,100
Remaining term (yrs)28.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.870%7.400%
Blended rate7.420%7.640%
1st payment$2,250.19$2,050.14
2nd payment$0.00$0.00
Taxes / mo$282.50$282.50
Insurance / mo$150.00$150.00
MI / mo$157.07$59.22
HOA / mo$207.00$207.00
Total monthly$3,046.76$2,748.86
Cash to close$0$32,900