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$316,738$308,691
Remaining term (yrs)27.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.610%7.400%
Blended rate7.160%7.640%
1st payment$2,091.75$2,137.31
2nd payment$0.00$0.00
Taxes / mo$441.50$441.50
Insurance / mo$150.00$150.00
MI / mo$149.96$61.74
HOA / mo$173.00$173.00
Total monthly$3,006.21$2,963.55
Cash to close$26,252$34,299