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$310,532$229,410
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.780%7.400%
Blended rate7.330%7.640%
1st payment$2,076.13$1,588.39
2nd payment$0.00$0.00
Taxes / mo$147.92$147.92
Insurance / mo$150.00$150.00
MI / mo$146.26$45.88
HOA / mo$281.00$281.00
Total monthly$2,801.31$2,213.19
Cash to close$0$25,490