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$328,953$310,500
Remaining term (yrs)26.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.900%7.320%
Blended rate7.750%7.560%
1st payment$2,263.35$2,132.92
2nd payment$0.00$0.00
Taxes / mo$59.58$59.58
Insurance / mo$150.00$150.00
MI / mo$243.43$62.10
HOA / mo$0.00$0.00
Total monthly$2,716.35$2,404.60
Cash to close$16,047$34,500