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$322,283$283,500
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$2,087.31$1,962.90
2nd payment$0.00$0.00
Taxes / mo$293.00$293.00
Insurance / mo$150.00$150.00
MI / mo$153.91$56.70
HOA / mo$176.00$176.00
Total monthly$2,860.22$2,638.60
Cash to close$0$31,500