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$322,219$297,000
Remaining term (yrs)27.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.620%7.400%
Blended rate8.170%7.640%
1st payment$2,341.60$2,056.37
2nd payment$0.00$0.00
Taxes / mo$283.58$283.58
Insurance / mo$150.00$150.00
MI / mo$151.70$59.40
HOA / mo$199.00$199.00
Total monthly$3,125.89$2,748.35
Cash to close$7,781$33,000