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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$322,831$328,500
Remaining term (yrs)27.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.95%7.18%
Blended rate7.5%7.42%
1st payment$2,187.63$2,225.37
2nd payment$0.00$0.00
Taxes / mo$127.58$127.58
Insurance / mo$150.00$150.00
MI / mo$151.47$65.70
HOA / mo$0.00$0.00
Total monthly$2,616.69$2,568.66
Cash to close$42,169$36,500