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$324,910$319,059
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.700%7.400%
Blended rate7.550%7.640%
1st payment$2,196.42$2,209.10
2nd payment$0.00$0.00
Taxes / mo$120.92$120.92
Insurance / mo$150.00$150.00
MI / mo$241.10$63.81
HOA / mo$86.00$86.00
Total monthly$2,794.44$2,629.83
Cash to close$29,600$35,451