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$323,873$310,410
Remaining term (yrs)26.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.610%7.400%
Blended rate7.460%7.640%
1st payment$2,165.70$2,149.22
2nd payment$0.00$0.00
Taxes / mo$57.83$57.83
Insurance / mo$150.00$150.00
MI / mo$239.95$62.08
HOA / mo$100.00$100.00
Total monthly$2,713.48$2,519.13
Cash to close$21,027$34,490