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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$345,130$342,000
Remaining term (yrs)28.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.870%7.320%
Blended rate7.420%7.560%
1st payment$2,304.89$2,349.30
2nd payment$0.00$0.00
Taxes / mo$111.42$111.42
Insurance / mo$150.00$150.00
MI / mo$160.89$68.40
HOA / mo$76.00$76.00
Total monthly$2,803.20$2,755.12
Cash to close$34,870$38,000