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$331,658$296,910
Remaining term (yrs)26.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.810%7.320%
Blended rate7.360%7.560%
1st payment$2,242.70$2,039.57
2nd payment$0.00$0.00
Taxes / mo$183.33$183.33
Insurance / mo$150.00$150.00
MI / mo$157.51$59.38
HOA / mo$133.00$133.00
Total monthly$2,866.54$2,565.28
Cash to close$0$32,990