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$322,530$324,000
Remaining term (yrs)26.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.810%7.400%
Blended rate7.360%7.640%
1st payment$2,178.62$2,243.31
2nd payment$0.00$0.00
Taxes / mo$57.92$57.92
Insurance / mo$150.00$150.00
MI / mo$153.01$64.80
HOA / mo$0.00$0.00
Total monthly$2,539.54$2,516.03
Cash to close$37,470$36,000