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$326,040$256,500
Remaining term (yrs)26.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.710%7.400%
Blended rate7.260%7.640%
1st payment$2,186.10$1,775.95
2nd payment$0.00$0.00
Taxes / mo$443.33$443.33
Insurance / mo$150.00$150.00
MI / mo$155.12$51.30
HOA / mo$257.00$257.00
Total monthly$3,191.55$2,677.59
Cash to close$0$28,500