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$333,860$279,000
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.220%7.320%
Blended rate7.770%7.560%
1st payment$2,324.02$1,916.54
2nd payment$0.00$0.00
Taxes / mo$71.75$71.75
Insurance / mo$150.00$150.00
MI / mo$156.61$55.80
HOA / mo$0.00$0.00
Total monthly$2,702.38$2,194.09
Cash to close$0$31,000