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$341,743$310,500
Remaining term (yrs)25.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.780%7.400%
Blended rate6.630%7.640%
1st payment$2,122.27$2,149.84
2nd payment$0.00$0.00
Taxes / mo$126.83$126.83
Insurance / mo$150.00$150.00
MI / mo$256.76$62.10
HOA / mo$0.00$0.00
Total monthly$2,655.86$2,488.77
Cash to close$3,257$34,500