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$348,083$324,000
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.640%7.400%
Blended rate7.190%7.640%
1st payment$2,298.04$2,243.31
2nd payment$0.00$0.00
Taxes / mo$66.83$66.83
Insurance / mo$150.00$150.00
MI / mo$164.24$64.80
HOA / mo$140.00$140.00
Total monthly$2,819.11$2,664.94
Cash to close$11,917$36,000