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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$345,294$337,500
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.73%7.18%
Blended rate7.28%7.42%
1st payment$2,287.90$2,286.34
2nd payment$0.00$0.00
Taxes / mo$135.33$135.33
Insurance / mo$150.00$150.00
MI / mo$162.01$67.50
HOA / mo$77.00$77.00
Total monthly$2,812.24$2,716.18
Cash to close$29,706$37,500