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$354,378$340,189
Remaining term (yrs)26.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.570%7.400%
Blended rate7.120%7.640%
1st payment$2,344.30$2,355.40
2nd payment$0.00$0.00
Taxes / mo$330.67$330.67
Insurance / mo$150.00$150.00
MI / mo$168.76$68.04
HOA / mo$0.00$0.00
Total monthly$2,993.72$2,904.11
Cash to close$23,610$37,799