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$347,128$296,550
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.850%7.400%
Blended rate7.400%7.640%
1st payment$2,322.64$2,053.25
2nd payment$0.00$0.00
Taxes / mo$105.25$105.25
Insurance / mo$150.00$150.00
MI / mo$162.46$59.31
HOA / mo$86.33$86.33
Total monthly$2,826.68$2,454.14
Cash to close$0$32,950