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$350,746$310,410
Remaining term (yrs)25.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate4.980%7.320%
Blended rate5.830%7.560%
1st payment$2,016.40$2,132.30
2nd payment$0.00$0.00
Taxes / mo$177.25$177.25
Insurance / mo$150.00$150.00
MI / mo$266.67$62.08
HOA / mo$99.00$99.00
Total monthly$2,709.32$2,620.63
Cash to close$0$34,490