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$323,458$310,500
Remaining term (yrs)27.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.630%7.400%
Blended rate8.180%7.640%
1st payment$2,357.10$2,149.84
2nd payment$0.00$0.00
Taxes / mo$339.34$339.34
Insurance / mo$150.00$150.00
MI / mo$152.56$62.10
HOA / mo$100.00$100.00
Total monthly$3,099.00$2,801.27
Cash to close$21,542$34,500