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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$343,992$288,000
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.79%7.18%
Blended rate7.34%7.42%
1st payment$2,302.06$1,951.01
2nd payment$0.00$0.00
Taxes / mo$47.08$47.08
Insurance / mo$150.00$150.00
MI / mo$162.01$57.60
HOA / mo$0.00$0.00
Total monthly$2,661.16$2,205.70
Cash to close$0$32,000