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$321,669$306,000
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.950%7.400%
Blended rate7.500%7.640%
1st payment$2,175.51$2,118.68
2nd payment$0.00$0.00
Taxes / mo$54.18$54.18
Insurance / mo$150.00$150.00
MI / mo$150.63$61.20
HOA / mo$453.00$453.00
Total monthly$2,983.32$2,837.06
Cash to close$18,331$34,000