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$310,428$310,500
Remaining term (yrs)26.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.080%7.400%
Blended rate7.930%7.640%
1st payment$2,172.01$2,149.84
2nd payment$0.00$0.00
Taxes / mo$337.00$337.00
Insurance / mo$150.00$150.00
MI / mo$229.39$62.10
HOA / mo$0.00$0.00
Total monthly$2,888.41$2,698.94
Cash to close$34,572$34,500