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$325,110$315,000
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.340%7.400%
Blended rate6.890%7.640%
1st payment$2,105.62$2,181.00
2nd payment$0.00$0.00
Taxes / mo$92.67$92.67
Insurance / mo$150.00$150.00
MI / mo$155.26$63.00
HOA / mo$16.67$16.67
Total monthly$2,520.21$2,503.33
Cash to close$24,890$35,000