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$345,598$324,000
Remaining term (yrs)26.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.690%7.400%
Blended rate7.240%7.640%
1st payment$2,310.22$2,243.31
2nd payment$0.00$0.00
Taxes / mo$95.25$95.25
Insurance / mo$150.00$150.00
MI / mo$164.26$64.80
HOA / mo$207.00$207.00
Total monthly$2,926.73$2,760.36
Cash to close$14,402$36,000