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$311,045$251,991
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.570%7.400%
Blended rate7.120%7.640%
1st payment$2,062.35$1,744.73
2nd payment$0.00$0.00
Taxes / mo$301.46$301.46
Insurance / mo$150.00$150.00
MI / mo$148.47$50.40
HOA / mo$100.00$100.00
Total monthly$2,762.28$2,346.59
Cash to close$0$27,999