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$319,353$260,999
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.870%7.400%
Blended rate7.420%7.640%
1st payment$2,156.01$1,807.11
2nd payment$0.00$0.00
Taxes / mo$343.73$343.73
Insurance / mo$150.00$150.00
MI / mo$150.50$52.20
HOA / mo$117.33$117.33
Total monthly$2,917.57$2,470.36
Cash to close$0$29,000