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$315,784$269,910
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.540%7.400%
Blended rate7.090%7.640%
1st payment$2,087.73$1,868.80
2nd payment$0.00$0.00
Taxes / mo$96.92$96.92
Insurance / mo$150.00$150.00
MI / mo$150.76$53.98
HOA / mo$110.00$110.00
Total monthly$2,595.41$2,279.70
Cash to close$0$29,990