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$314,329$297,000
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.700%7.400%
Blended rate7.550%7.640%
1st payment$2,124.89$2,056.37
2nd payment$0.00$0.00
Taxes / mo$588.67$588.67
Insurance / mo$150.00$150.00
MI / mo$233.25$59.40
HOA / mo$7.50$7.50
Total monthly$3,104.31$2,861.93
Cash to close$15,671$33,000