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$338,368$305,999
Remaining term (yrs)28.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.720%7.400%
Blended rate7.270%7.640%
1st payment$2,215.77$2,118.68
2nd payment$0.00$0.00
Taxes / mo$283.33$283.33
Insurance / mo$150.00$150.00
MI / mo$157.06$61.20
HOA / mo$0.00$0.00
Total monthly$2,806.17$2,613.21
Cash to close$1,631$34,000