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$326,412$279,000
Remaining term (yrs)26.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.810%7.400%
Blended rate7.660%7.640%
1st payment$2,224.44$1,931.74
2nd payment$0.00$0.00
Taxes / mo$71.67$71.67
Insurance / mo$150.00$150.00
MI / mo$241.44$55.80
HOA / mo$36.67$36.67
Total monthly$2,724.22$2,245.88
Cash to close$0$31,000