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$320,633$314,999
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$2,165.80$2,180.99
2nd payment$0.00$0.00
Taxes / mo$60.50$60.50
Insurance / mo$150.00$150.00
MI / mo$152.11$63.00
HOA / mo$188.00$188.00
Total monthly$2,716.41$2,642.49
Cash to close$29,366$35,000