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$325,812$269,820
Remaining term (yrs)27.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.570%7.400%
Blended rate8.120%7.640%
1st payment$2,359.00$1,868.18
2nd payment$0.00$0.00
Taxes / mo$408.50$408.50
Insurance / mo$150.00$150.00
MI / mo$153.58$53.96
HOA / mo$65.33$65.33
Total monthly$3,136.40$2,545.97
Cash to close$0$29,980