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$310,285$314,910
Remaining term (yrs)26.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.810%7.400%
Blended rate7.660%7.640%
1st payment$2,114.53$2,180.37
2nd payment$0.00$0.00
Taxes / mo$123.00$123.00
Insurance / mo$150.00$150.00
MI / mo$229.51$62.98
HOA / mo$56.00$56.00
Total monthly$2,673.05$2,572.36
Cash to close$39,615$34,990