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$328,856$314,910
Remaining term (yrs)25.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.540%7.320%
Blended rate6.390%7.560%
1st payment$1,991.42$2,163.21
2nd payment$0.00$0.00
Taxes / mo$105.83$105.83
Insurance / mo$150.00$150.00
MI / mo$247.34$62.98
HOA / mo$112.00$112.00
Total monthly$2,606.59$2,594.03
Cash to close$21,044$34,990