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$322,009$323,999
Remaining term (yrs)26.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.780%7.400%
Blended rate7.330%7.640%
1st payment$2,173.58$2,243.30
2nd payment$0.00$0.00
Taxes / mo$482.79$482.79
Insurance / mo$150.00$150.00
MI / mo$153.13$64.80
HOA / mo$12.50$12.50
Total monthly$2,972.00$2,953.40
Cash to close$37,990$36,000