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$316,475$303,750
Remaining term (yrs)27.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.620%7.400%
Blended rate8.170%7.640%
1st payment$2,299.86$2,103.10
2nd payment$0.00$0.00
Taxes / mo$176.83$176.83
Insurance / mo$150.00$150.00
MI / mo$149.00$60.75
HOA / mo$252.00$252.00
Total monthly$3,027.69$2,742.69
Cash to close$21,025$33,750