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$327,733$239,625
Remaining term (yrs)25.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate4.720%7.240%
Blended rate5.570%7.480%
1st payment$1,837.53$1,633.04
2nd payment$0.00$0.00
Taxes / mo$221.88$221.88
Insurance / mo$150.00$150.00
MI / mo$250.38$47.93
HOA / mo$0.00$0.00
Total monthly$2,459.78$2,052.84
Cash to close$0$26,625