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$343,957$323,099
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.340%7.400%
Blended rate6.890%7.640%
1st payment$2,227.68$2,237.07
2nd payment$0.00$0.00
Taxes / mo$88.08$88.08
Insurance / mo$150.00$150.00
MI / mo$164.26$64.62
HOA / mo$439.00$439.00
Total monthly$3,069.02$2,978.78
Cash to close$15,042$35,900