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$317,203$235,796
Remaining term (yrs)28.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.870%7.400%
Blended rate7.420%7.640%
1st payment$2,114.39$1,632.60
2nd payment$0.00$0.00
Taxes / mo$99.33$99.33
Insurance / mo$150.00$150.00
MI / mo$147.59$47.16
HOA / mo$96.00$96.00
Total monthly$2,607.31$2,025.09
Cash to close$0$26,200