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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$328,801$297,000
Remaining term (yrs)28.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.5%7.18%
Blended rate7.05%7.42%
1st payment$2,110.04$2,011.98
2nd payment$0.00$0.00
Taxes / mo$100.83$100.83
Insurance / mo$150.00$150.00
MI / mo$153.01$59.40
HOA / mo$133.00$133.00
Total monthly$2,646.88$2,455.21
Cash to close$1,199$33,000