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$305,990$300,465
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.940%7.400%
Blended rate7.490%7.640%
1st payment$2,077.69$2,080.36
2nd payment$0.00$0.00
Taxes / mo$313.33$313.33
Insurance / mo$150.00$150.00
MI / mo$144.01$60.09
HOA / mo$211.00$211.00
Total monthly$2,896.03$2,814.79
Cash to close$27,860$33,385