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$346,726$288,900
Remaining term (yrs)25.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate4.980%7.320%
Blended rate5.830%7.560%
1st payment$1,993.29$1,984.54
2nd payment$0.00$0.00
Taxes / mo$145.75$145.75
Insurance / mo$150.00$150.00
MI / mo$263.61$57.78
HOA / mo$78.00$78.00
Total monthly$2,630.65$2,416.07
Cash to close$0$32,100