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$354,696$340,199
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.26%7.18%
Blended rate6.81%7.42%
1st payment$2,287.67$2,304.63
2nd payment$0.00$0.00
Taxes / mo$171.58$171.58
Insurance / mo$150.00$150.00
MI / mo$170.11$68.04
HOA / mo$110.00$110.00
Total monthly$2,889.36$2,804.25
Cash to close$23,303$37,800