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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$334,419$279,000
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.780%7.400%
Blended rate7.330%7.640%
1st payment$2,235.83$1,931.74
2nd payment$0.00$0.00
Taxes / mo$86.25$86.25
Insurance / mo$150.00$150.00
MI / mo$157.51$55.80
HOA / mo$0.00$0.00
Total monthly$2,629.59$2,223.79
Cash to close$0$31,000