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$312,086$267,300
Remaining term (yrs)26.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.810%7.400%
Blended rate7.360%7.640%
1st payment$2,108.07$1,850.73
2nd payment$0.00$0.00
Taxes / mo$314.83$314.83
Insurance / mo$150.00$150.00
MI / mo$148.06$53.46
HOA / mo$171.00$171.00
Total monthly$2,891.95$2,540.02
Cash to close$0$29,700