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$321,471$288,000
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.870%7.400%
Blended rate7.420%7.640%
1st payment$2,159.42$1,994.05
2nd payment$0.00$0.00
Taxes / mo$626.17$626.17
Insurance / mo$150.00$150.00
MI / mo$150.74$57.60
HOA / mo$60.00$60.00
Total monthly$3,146.33$2,887.82
Cash to close$0$32,000