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$316,868$296,910
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.400%
Blended rate7.050%7.640%
1st payment$2,048.04$2,055.74
2nd payment$0.00$0.00
Taxes / mo$76.25$76.25
Insurance / mo$150.00$150.00
MI / mo$148.51$59.38
HOA / mo$97.67$97.67
Total monthly$2,520.47$2,439.05
Cash to close$13,032$32,990