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$343,249$314,910
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.630%7.320%
Blended rate7.180%7.560%
1st payment$2,263.91$2,163.21
2nd payment$0.00$0.00
Taxes / mo$112.23$112.23
Insurance / mo$150.00$150.00
MI / mo$161.97$62.98
HOA / mo$95.00$95.00
Total monthly$2,783.11$2,583.43
Cash to close$6,651$34,990