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$324,733$269,999
Remaining term (yrs)25.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.000%7.320%
Blended rate5.850%7.560%
1st payment$1,870.67$1,854.71
2nd payment$0.00$0.00
Taxes / mo$489.83$489.83
Insurance / mo$150.00$150.00
MI / mo$246.83$54.00
HOA / mo$12.50$12.50
Total monthly$2,769.83$2,561.04
Cash to close$0$30,000