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$324,649$265,410
Remaining term (yrs)26.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.090%7.400%
Blended rate7.640%7.640%
1st payment$2,254.39$1,837.65
2nd payment$0.00$0.00
Taxes / mo$189.00$189.00
Insurance / mo$150.00$150.00
MI / mo$153.91$53.08
HOA / mo$108.00$108.00
Total monthly$2,855.29$2,337.73
Cash to close$0$29,490