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$309,118$287,910
Remaining term (yrs)27.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.070%7.400%
Blended rate7.620%7.640%
1st payment$2,138.09$1,993.43
2nd payment$0.00$0.00
Taxes / mo$564.42$564.42
Insurance / mo$150.00$150.00
MI / mo$146.26$57.58
HOA / mo$14.00$14.00
Total monthly$3,012.77$2,779.43
Cash to close$10,782$31,990