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$332,985$269,910
Remaining term (yrs)28.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.6%7.24%
Blended rate7.15%7.48%
1st payment$2,171.53$1,839.43
2nd payment$0.00$0.00
Taxes / mo$84.17$84.17
Insurance / mo$150.00$150.00
MI / mo$155.84$53.98
HOA / mo$0.00$0.00
Total monthly$2,561.54$2,127.58
Cash to close$0$29,990