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$315,393$314,999
Remaining term (yrs)27.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.120%7.400%
Blended rate7.670%7.640%
1st payment$2,191.82$2,180.99
2nd payment$0.00$0.00
Taxes / mo$291.67$291.67
Insurance / mo$150.00$150.00
MI / mo$149.19$63.00
HOA / mo$149.92$149.92
Total monthly$2,932.59$2,835.58
Cash to close$34,606$35,000