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$331,151$328,410
Remaining term (yrs)26.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.690%7.400%
Blended rate7.240%7.640%
1st payment$2,213.65$2,273.84
2nd payment$0.00$0.00
Taxes / mo$355.75$355.75
Insurance / mo$150.00$150.00
MI / mo$157.39$65.68
HOA / mo$215.00$215.00
Total monthly$3,091.79$3,060.28
Cash to close$33,749$36,490