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$313,472$305,100
Remaining term (yrs)27.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.200%7.400%
Blended rate7.750%7.640%
1st payment$2,192.76$2,112.45
2nd payment$0.00$0.00
Taxes / mo$340.75$340.75
Insurance / mo$150.00$150.00
MI / mo$148.06$61.02
HOA / mo$0.00$0.00
Total monthly$2,831.56$2,664.22
Cash to close$25,528$33,900