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$322,247$310,500
Remaining term (yrs)26.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.360%7.400%
Blended rate7.210%7.640%
1st payment$2,101.22$2,149.84
2nd payment$0.00$0.00
Taxes / mo$178.92$178.92
Insurance / mo$150.00$150.00
MI / mo$238.95$62.10
HOA / mo$90.00$90.00
Total monthly$2,759.09$2,630.86
Cash to close$22,753$34,500