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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$339,341$297,000
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.87%7.18%
Blended rate7.42%7.42%
1st payment$2,288.62$2,011.98
2nd payment$0.00$0.00
Taxes / mo$137.25$137.25
Insurance / mo$150.00$150.00
MI / mo$159.76$59.40
HOA / mo$92.00$92.00
Total monthly$2,827.63$2,450.63
Cash to close$0$33,000