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$324,660$301,950
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.820%7.400%
Blended rate7.370%7.640%
1st payment$2,176.81$2,090.64
2nd payment$0.00$0.00
Taxes / mo$275.92$275.92
Insurance / mo$150.00$150.00
MI / mo$152.73$60.39
HOA / mo$129.00$129.00
Total monthly$2,884.45$2,705.95
Cash to close$10,840$33,550