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$339,324$305,910
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.130%7.400%
Blended rate5.980%7.640%
1st payment$1,968.53$2,118.06
2nd payment$0.00$0.00
Taxes / mo$443.58$443.58
Insurance / mo$150.00$150.00
MI / mo$255.94$61.18
HOA / mo$0.00$0.00
Total monthly$2,818.06$2,772.82
Cash to close$576$33,990