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$321,409$304,200
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.860%7.400%
Blended rate7.410%7.640%
1st payment$2,156.90$2,106.22
2nd payment$0.00$0.00
Taxes / mo$428.33$428.33
Insurance / mo$150.00$150.00
MI / mo$150.72$60.84
HOA / mo$0.00$0.00
Total monthly$2,885.95$2,745.39
Cash to close$16,591$33,800