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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$342,056$342,000
Remaining term (yrs)26.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.07%7.18%
Blended rate7.62%7.42%
1st payment$2,368.35$2,316.83
2nd payment$0.00$0.00
Taxes / mo$212.67$212.67
Insurance / mo$150.00$150.00
MI / mo$162.01$68.40
HOA / mo$150.00$150.00
Total monthly$3,043.02$2,897.89
Cash to close$37,944$38,000