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$312,432$269,100
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.990%7.400%
Blended rate7.540%7.640%
1st payment$2,127.45$1,863.19
2nd payment$0.00$0.00
Taxes / mo$109.58$109.58
Insurance / mo$150.00$150.00
MI / mo$146.71$53.82
HOA / mo$76.00$76.00
Total monthly$2,609.74$2,252.60
Cash to close$0$29,900