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$349,854$328,500
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.13%7.18%
Blended rate5.98%7.42%
1st payment$2,032.72$2,225.37
2nd payment$0.00$0.00
Taxes / mo$166.25$166.25
Insurance / mo$150.00$150.00
MI / mo$264.29$65.70
HOA / mo$66.67$66.67
Total monthly$2,679.93$2,673.99
Cash to close$15,146$36,500