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$323,833$315,000
Remaining term (yrs)26.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.710%7.400%
Blended rate7.260%7.640%
1st payment$2,168.90$2,181.00
2nd payment$0.00$0.00
Taxes / mo$372.59$372.59
Insurance / mo$150.00$150.00
MI / mo$153.90$63.00
HOA / mo$90.00$90.00
Total monthly$2,935.38$2,856.59
Cash to close$26,167$35,000