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$319,456$304,899
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.340%7.400%
Blended rate6.890%7.640%
1st payment$2,068.99$2,111.06
2nd payment$0.00$0.00
Taxes / mo$123.92$123.92
Insurance / mo$150.00$150.00
MI / mo$152.56$60.98
HOA / mo$81.00$81.00
Total monthly$2,576.47$2,526.96
Cash to close$19,321$33,878