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$320,207$274,500
Remaining term (yrs)27.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.440%7.400%
Blended rate7.990%7.640%
1st payment$2,286.37$1,900.58
2nd payment$0.00$0.00
Taxes / mo$283.75$283.75
Insurance / mo$150.00$150.00
MI / mo$150.76$54.90
HOA / mo$171.00$171.00
Total monthly$3,041.88$2,560.23
Cash to close$0$30,500