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$315,309$269,100
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.780%7.400%
Blended rate7.330%7.640%
1st payment$2,108.07$1,863.19
2nd payment$0.00$0.00
Taxes / mo$104.83$104.83
Insurance / mo$150.00$150.00
MI / mo$148.51$53.82
HOA / mo$190.00$190.00
Total monthly$2,701.41$2,361.85
Cash to close$0$29,900