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$319,270$314,999
Remaining term (yrs)28.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.870%7.400%
Blended rate7.420%7.640%
1st payment$2,126.18$2,180.99
2nd payment$0.00$0.00
Taxes / mo$341.50$341.50
Insurance / mo$150.00$150.00
MI / mo$148.42$63.00
HOA / mo$0.00$0.00
Total monthly$2,766.10$2,735.49
Cash to close$30,729$35,000