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$321,157$300,600
Remaining term (yrs)28.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.040%7.400%
Blended rate7.590%7.640%
1st payment$2,180.84$2,081.29
2nd payment$0.00$0.00
Taxes / mo$114.50$114.50
Insurance / mo$150.00$150.00
MI / mo$149.64$60.12
HOA / mo$0.00$0.00
Total monthly$2,594.97$2,405.91
Cash to close$12,843$33,400