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$326,605$321,300
Remaining term (yrs)26.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.690%7.400%
Blended rate7.240%7.640%
1st payment$2,183.26$2,224.62
2nd payment$0.00$0.00
Taxes / mo$208.92$208.92
Insurance / mo$150.00$150.00
MI / mo$155.23$64.26
HOA / mo$33.33$33.33
Total monthly$2,730.74$2,681.12
Cash to close$30,395$35,700