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$339,598$313,199
Remaining term (yrs)27.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.990%7.320%
Blended rate7.540%7.560%
1st payment$2,310.17$2,151.46
2nd payment$0.00$0.00
Taxes / mo$648.74$648.74
Insurance / mo$150.00$150.00
MI / mo$159.31$62.64
HOA / mo$52.00$52.00
Total monthly$3,320.22$3,064.84
Cash to close$8,401$34,800