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$316,435$269,999
Remaining term (yrs)27.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.890%7.400%
Blended rate7.440%7.640%
1st payment$2,131.84$1,869.42
2nd payment$0.00$0.00
Taxes / mo$312.50$312.50
Insurance / mo$150.00$150.00
MI / mo$148.51$54.00
HOA / mo$33.00$33.00
Total monthly$2,775.85$2,418.92
Cash to close$0$30,000