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$328,353$306,000
Remaining term (yrs)27.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.180%7.400%
Blended rate7.730%7.640%
1st payment$2,294.82$2,118.68
2nd payment$0.00$0.00
Taxes / mo$510.17$510.17
Insurance / mo$150.00$150.00
MI / mo$155.26$61.20
HOA / mo$154.00$154.00
Total monthly$3,264.24$2,994.05
Cash to close$11,647$34,000