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$325,900$319,500
Remaining term (yrs)28.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.54%7.24%
Blended rate7.09%7.48%
1st payment$2,112.66$2,177.39
2nd payment$0.00$0.00
Taxes / mo$122.50$122.50
Insurance / mo$150.00$150.00
MI / mo$152.56$63.90
HOA / mo$5.00$5.00
Total monthly$2,542.72$2,518.79
Cash to close$29,100$35,500