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$325,400$309,141
Remaining term (yrs)27.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.490%7.400%
Blended rate8.040%7.640%
1st payment$2,340.87$2,140.43
2nd payment$0.00$0.00
Taxes / mo$374.42$374.42
Insurance / mo$150.00$150.00
MI / mo$153.59$61.83
HOA / mo$80.67$80.67
Total monthly$3,099.55$2,807.34
Cash to close$18,090$34,349