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$315,418$242,910
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.340%7.400%
Blended rate6.890%7.640%
1st payment$2,042.84$1,681.86
2nd payment$0.00$0.00
Taxes / mo$103.42$103.42
Insurance / mo$150.00$150.00
MI / mo$150.63$48.58
HOA / mo$400.00$400.00
Total monthly$2,846.89$2,383.86
Cash to close$0$26,990