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$328,521$319,500
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.110%7.400%
Blended rate6.960%7.640%
1st payment$2,098.67$2,212.15
2nd payment$0.00$0.00
Taxes / mo$176.92$176.92
Insurance / mo$150.00$150.00
MI / mo$245.05$63.90
HOA / mo$133.00$133.00
Total monthly$2,803.64$2,735.97
Cash to close$26,479$35,500