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$339,019$332,910
Remaining term (yrs)28.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.740%7.240%
Blended rate7.290%7.480%
1st payment$2,220.33$2,268.78
2nd payment$0.00$0.00
Taxes / mo$97.33$97.33
Insurance / mo$150.00$150.00
MI / mo$157.06$66.58
HOA / mo$0.00$0.00
Total monthly$2,624.72$2,582.69
Cash to close$30,881$36,990