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$311,029$311,850
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.920%7.400%
Blended rate7.470%7.640%
1st payment$2,099.47$2,159.19
2nd payment$0.00$0.00
Taxes / mo$310.42$310.42
Insurance / mo$150.00$150.00
MI / mo$145.81$62.37
HOA / mo$126.00$126.00
Total monthly$2,831.70$2,807.97
Cash to close$35,471$34,650