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$315,923$250,830
Remaining term (yrs)27.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.690%7.400%
Blended rate7.240%7.640%
1st payment$2,098.15$1,736.70
2nd payment$0.00$0.00
Taxes / mo$662.42$662.42
Insurance / mo$150.00$150.00
MI / mo$149.18$50.17
HOA / mo$12.33$12.33
Total monthly$3,072.08$2,611.61
Cash to close$0$27,870