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$347,515$310,500
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.390%7.400%
Blended rate6.940%7.640%
1st payment$2,261.72$2,149.84
2nd payment$0.00$0.00
Taxes / mo$492.25$492.25
Insurance / mo$150.00$150.00
MI / mo$165.90$62.10
HOA / mo$142.00$142.00
Total monthly$3,211.87$2,996.19
Cash to close$0$34,500