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$345,644$333,000
Remaining term (yrs)26.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.710%7.400%
Blended rate7.260%7.640%
1st payment$2,314.98$2,305.62
2nd payment$0.00$0.00
Taxes / mo$95.25$95.25
Insurance / mo$150.00$150.00
MI / mo$164.26$66.60
HOA / mo$207.00$207.00
Total monthly$2,931.49$2,824.47
Cash to close$24,356$37,000