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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$345,660$324,000
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.490%7.400%
Blended rate7.040%7.640%
1st payment$2,231.90$2,243.31
2nd payment$0.00$0.00
Taxes / mo$73.75$73.75
Insurance / mo$150.00$150.00
MI / mo$162.01$64.80
HOA / mo$50.00$50.00
Total monthly$2,667.66$2,581.86
Cash to close$14,340$36,000