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$325,007$305,100
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.09%7.18%
Blended rate7.64%7.42%
1st payment$2,234.46$2,066.85
2nd payment$0.00$0.00
Taxes / mo$300.25$300.25
Insurance / mo$150.00$150.00
MI / mo$152.55$61.02
HOA / mo$0.00$0.00
Total monthly$2,837.26$2,578.12
Cash to close$13,993$33,900