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$347,952$337,455
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.5%7.18%
Blended rate7.05%7.42%
1st payment$2,296.93$2,286.04
2nd payment$0.00$0.00
Taxes / mo$68.67$68.67
Insurance / mo$150.00$150.00
MI / mo$166.56$67.49
HOA / mo$0.00$0.00
Total monthly$2,682.15$2,572.20
Cash to close$26,998$37,495