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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$328,753$252,000
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.82%7.18%
Blended rate7.37%7.42%
1st payment$2,206.50$1,707.14
2nd payment$0.00$0.00
Taxes / mo$179.75$179.75
Insurance / mo$150.00$150.00
MI / mo$154.81$50.40
HOA / mo$47.00$47.00
Total monthly$2,738.06$2,134.29
Cash to close$0$28,000