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$322,157$296,100
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.540%7.400%
Blended rate7.090%7.640%
1st payment$2,129.87$2,050.14
2nd payment$0.00$0.00
Taxes / mo$673.83$673.83
Insurance / mo$150.00$150.00
MI / mo$153.80$59.22
HOA / mo$0.00$0.00
Total monthly$3,107.50$2,933.19
Cash to close$6,843$32,900