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$321,989$326,250
Remaining term (yrs)26.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.900%7.400%
Blended rate7.750%7.640%
1st payment$2,215.43$2,258.89
2nd payment$0.00$0.00
Taxes / mo$303.08$303.08
Insurance / mo$150.00$150.00
MI / mo$238.27$65.25
HOA / mo$126.00$126.00
Total monthly$3,032.79$2,903.22
Cash to close$40,511$36,250