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$332,817$324,000
Remaining term (yrs)28.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.760%7.400%
Blended rate7.310%7.640%
1st payment$2,190.23$2,243.31
2nd payment$0.00$0.00
Taxes / mo$56.67$56.67
Insurance / mo$150.00$150.00
MI / mo$154.61$64.80
HOA / mo$75.00$75.00
Total monthly$2,626.51$2,589.78
Cash to close$27,183$36,000