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$326,470$288,000
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.400%
Blended rate7.050%7.640%
1st payment$2,110.10$1,994.05
2nd payment$0.00$0.00
Taxes / mo$177.11$177.11
Insurance / mo$150.00$150.00
MI / mo$153.01$57.60
HOA / mo$80.00$80.00
Total monthly$2,670.22$2,458.76
Cash to close$0$32,000