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$313,921$301,500
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.110%7.400%
Blended rate6.960%7.640%
1st payment$2,005.41$2,087.53
2nd payment$0.00$0.00
Taxes / mo$351.67$351.67
Insurance / mo$150.00$150.00
MI / mo$234.16$60.30
HOA / mo$154.33$154.33
Total monthly$2,895.56$2,803.82
Cash to close$21,079$33,500