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$335,856$305,910
Remaining term (yrs)27.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.49%7.24%
Blended rate7.04%7.48%
1st payment$2,175.48$2,084.77
2nd payment$0.00$0.00
Taxes / mo$440.83$440.83
Insurance / mo$150.00$150.00
MI / mo$157.92$61.18
HOA / mo$75.00$75.00
Total monthly$2,999.23$2,811.79
Cash to close$4,044$33,990