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$335,148$305,100
Remaining term (yrs)26.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.430%7.400%
Blended rate6.980%7.640%
1st payment$2,187.18$2,112.45
2nd payment$0.00$0.00
Taxes / mo$85.25$85.25
Insurance / mo$150.00$150.00
MI / mo$159.76$61.02
HOA / mo$235.00$235.00
Total monthly$2,817.19$2,643.72
Cash to close$3,852$33,900