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$340,909$335,700
Remaining term (yrs)26.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.710%7.400%
Blended rate7.260%7.640%
1st payment$2,283.27$2,324.32
2nd payment$0.00$0.00
Taxes / mo$430.67$430.67
Insurance / mo$150.00$150.00
MI / mo$162.01$67.14
HOA / mo$41.67$41.67
Total monthly$3,067.62$3,013.80
Cash to close$32,091$37,300