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$328,776$300,600
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.940%7.400%
Blended rate7.790%7.640%
1st payment$2,273.16$2,081.29
2nd payment$0.00$0.00
Taxes / mo$556.00$556.00
Insurance / mo$150.00$150.00
MI / mo$243.49$60.12
HOA / mo$7.50$7.50
Total monthly$3,230.15$2,854.91
Cash to close$5,224$33,400