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$333,085$323,910
Remaining term (yrs)28.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.600%7.320%
Blended rate7.150%7.560%
1st payment$2,163.46$2,225.04
2nd payment$0.00$0.00
Taxes / mo$299.92$299.92
Insurance / mo$150.00$150.00
MI / mo$155.26$64.78
HOA / mo$0.00$0.00
Total monthly$2,768.64$2,739.74
Cash to close$26,815$35,990