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$320,816$269,100
Remaining term (yrs)28.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.760%7.400%
Blended rate7.310%7.640%
1st payment$2,113.25$1,863.19
2nd payment$0.00$0.00
Taxes / mo$232.67$232.67
Insurance / mo$150.00$150.00
MI / mo$149.18$53.82
HOA / mo$8.17$8.17
Total monthly$2,653.27$2,307.85
Cash to close$0$29,900