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$324,313$260,910
Remaining term (yrs)26.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.09%7.18%
Blended rate7.64%7.42%
1st payment$2,254.39$1,767.50
2nd payment$0.00$0.00
Taxes / mo$189.00$189.00
Insurance / mo$150.00$150.00
MI / mo$153.91$52.18
HOA / mo$108.00$108.00
Total monthly$2,855.29$2,266.68
Cash to close$0$28,990