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$335,380$316,800
Remaining term (yrs)28.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.840%7.400%
Blended rate7.390%7.640%
1st payment$2,220.64$2,193.46
2nd payment$0.00$0.00
Taxes / mo$293.33$293.33
Insurance / mo$150.00$150.00
MI / mo$155.49$63.36
HOA / mo$0.00$0.00
Total monthly$2,819.46$2,700.15
Cash to close$16,620$35,200