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$314,855$305,550
Remaining term (yrs)26.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.900%7.400%
Blended rate7.750%7.640%
1st payment$2,166.35$2,115.57
2nd payment$0.00$0.00
Taxes / mo$253.83$253.83
Insurance / mo$150.00$150.00
MI / mo$232.99$61.11
HOA / mo$196.00$196.00
Total monthly$2,999.17$2,776.51
Cash to close$24,645$33,950