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$326,662$296,910
Remaining term (yrs)26.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.690%7.400%
Blended rate7.240%7.640%
1st payment$2,183.64$2,055.74
2nd payment$0.00$0.00
Taxes / mo$284.83$284.83
Insurance / mo$150.00$150.00
MI / mo$155.26$59.38
HOA / mo$0.00$0.00
Total monthly$2,773.73$2,549.96
Cash to close$3,238$32,990