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$330,910$322,200
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.170%7.400%
Blended rate7.720%7.640%
1st payment$2,292.53$2,230.85
2nd payment$0.00$0.00
Taxes / mo$161.92$161.92
Insurance / mo$150.00$150.00
MI / mo$155.26$64.44
HOA / mo$0.00$0.00
Total monthly$2,759.70$2,607.20
Cash to close$27,090$35,800