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$324,686$242,505
Remaining term (yrs)26.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.420%7.400%
Blended rate7.270%7.640%
1st payment$2,129.43$1,679.06
2nd payment$0.00$0.00
Taxes / mo$338.83$338.83
Insurance / mo$150.00$150.00
MI / mo$240.64$48.50
HOA / mo$100.00$100.00
Total monthly$2,958.90$2,316.39
Cash to close$0$26,945