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$325,223$315,000
Remaining term (yrs)26.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.270%7.400%
Blended rate7.120%7.640%
1st payment$2,102.21$2,181.00
2nd payment$0.00$0.00
Taxes / mo$283.08$283.08
Insurance / mo$150.00$150.00
MI / mo$241.33$63.00
HOA / mo$285.00$285.00
Total monthly$3,061.62$2,962.08
Cash to close$24,777$35,000