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$315,687$304,200
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$2,044.58$2,106.22
2nd payment$0.00$0.00
Taxes / mo$176.92$176.92
Insurance / mo$150.00$150.00
MI / mo$150.76$60.84
HOA / mo$231.00$231.00
Total monthly$2,753.26$2,724.98
Cash to close$22,313$33,800