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$322,567$275,850
Remaining term (yrs)28.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.690%7.400%
Blended rate7.240%7.640%
1st payment$2,120.34$1,909.93
2nd payment$0.00$0.00
Taxes / mo$123.33$123.33
Insurance / mo$150.00$150.00
MI / mo$150.76$55.17
HOA / mo$319.00$319.00
Total monthly$2,863.44$2,557.43
Cash to close$0$30,650