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$344,389$337,410
Remaining term (yrs)28.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.44%7.18%
Blended rate6.99%7.42%
1st payment$2,207.96$2,285.73
2nd payment$0.00$0.00
Taxes / mo$201.50$201.50
Insurance / mo$150.00$150.00
MI / mo$161.11$67.48
HOA / mo$0.00$0.00
Total monthly$2,720.57$2,704.71
Cash to close$30,511$37,490