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$321,628$220,410
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.520%7.400%
Blended rate6.370%7.640%
1st payment$1,943.76$1,526.07
2nd payment$0.00$0.00
Taxes / mo$495.25$495.25
Insurance / mo$150.00$150.00
MI / mo$241.95$44.08
HOA / mo$28.67$28.67
Total monthly$2,859.63$2,244.08
Cash to close$0$24,490