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$331,375$328,500
Remaining term (yrs)26.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.960%7.400%
Blended rate7.510%7.640%
1st payment$2,275.41$2,274.47
2nd payment$0.00$0.00
Taxes / mo$219.00$219.00
Insurance / mo$150.00$150.00
MI / mo$157.39$65.70
HOA / mo$105.00$105.00
Total monthly$2,906.80$2,814.17
Cash to close$33,625$36,500