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$327,554$265,410
Remaining term (yrs)25.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.100%7.400%
Blended rate5.950%7.640%
1st payment$1,903.22$1,837.65
2nd payment$0.00$0.00
Taxes / mo$133.08$133.08
Insurance / mo$150.00$150.00
MI / mo$248.29$53.08
HOA / mo$280.00$280.00
Total monthly$2,714.60$2,453.81
Cash to close$0$29,490