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$326,611$274,500
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.220%7.400%
Blended rate6.070%7.640%
1st payment$1,915.13$1,900.58
2nd payment$0.00$0.00
Taxes / mo$414.67$414.67
Insurance / mo$150.00$150.00
MI / mo$246.49$54.90
HOA / mo$430.00$430.00
Total monthly$3,156.28$2,950.15
Cash to close$0$30,500