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$320,435$315,000
Remaining term (yrs)27.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.670%7.400%
Blended rate7.220%7.640%
1st payment$2,128.55$2,181.00
2nd payment$0.00$0.00
Taxes / mo$262.58$262.58
Insurance / mo$150.00$150.00
MI / mo$151.66$63.00
HOA / mo$219.00$219.00
Total monthly$2,911.79$2,875.58
Cash to close$29,565$35,000