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$316,877$312,300
Remaining term (yrs)28.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.890%7.400%
Blended rate7.440%7.640%
1st payment$2,112.47$2,162.30
2nd payment$0.00$0.00
Taxes / mo$248.33$248.33
Insurance / mo$150.00$150.00
MI / mo$147.16$62.46
HOA / mo$388.00$388.00
Total monthly$3,045.95$3,011.09
Cash to close$30,123$34,700