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$335,931$328,500
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.880%7.400%
Blended rate7.430%7.640%
1st payment$2,258.75$2,274.47
2nd payment$0.00$0.00
Taxes / mo$67.33$67.33
Insurance / mo$150.00$150.00
MI / mo$157.51$65.70
HOA / mo$124.00$124.00
Total monthly$2,757.59$2,681.50
Cash to close$29,069$36,500