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$323,345$303,210
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.39%7.18%
Blended rate6.94%7.42%
1st payment$2,104.42$2,054.05
2nd payment$0.00$0.00
Taxes / mo$61.83$61.83
Insurance / mo$150.00$150.00
MI / mo$154.36$60.64
HOA / mo$0.00$0.00
Total monthly$2,470.61$2,326.53
Cash to close$13,555$33,690