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$317,304$302,706
Remaining term (yrs)26.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.710%7.400%
Blended rate7.260%7.640%
1st payment$2,122.83$2,095.88
2nd payment$0.00$0.00
Taxes / mo$361.75$361.75
Insurance / mo$150.00$150.00
MI / mo$150.63$60.54
HOA / mo$80.67$80.67
Total monthly$2,865.88$2,748.84
Cash to close$19,036$33,634