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$331,855$323,910
Remaining term (yrs)27.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.950%7.320%
Blended rate7.500%7.560%
1st payment$2,248.78$2,225.04
2nd payment$0.00$0.00
Taxes / mo$91.08$91.08
Insurance / mo$150.00$150.00
MI / mo$155.71$64.78
HOA / mo$136.00$136.00
Total monthly$2,781.57$2,666.90
Cash to close$28,045$35,990