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$342,566$289,800
Remaining term (yrs)27.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.61%7.18%
Blended rate7.16%7.42%
1st payment$2,259.86$1,963.21
2nd payment$0.00$0.00
Taxes / mo$84.17$84.17
Insurance / mo$150.00$150.00
MI / mo$162.01$57.96
HOA / mo$97.67$97.67
Total monthly$2,753.71$2,353.00
Cash to close$0$32,200