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$334,194$323,999
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.430%7.400%
Blended rate6.980%7.640%
1st payment$2,183.51$2,243.30
2nd payment$0.00$0.00
Taxes / mo$300.00$300.00
Insurance / mo$150.00$150.00
MI / mo$159.49$64.80
HOA / mo$0.00$0.00
Total monthly$2,793.00$2,758.10
Cash to close$25,805$36,000