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$322,167$315,000
Remaining term (yrs)18.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate4.010%7.400%
Blended rate4.860%7.640%
1st payment$2,057.76$2,181.00
2nd payment$0.00$0.00
Taxes / mo$262.30$262.30
Insurance / mo$150.00$150.00
MI / mo$304.94$63.00
HOA / mo$0.00$0.00
Total monthly$2,774.99$2,656.29
Cash to close$27,833$35,000