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$313,489$300,600
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.870%7.400%
Blended rate7.420%7.640%
1st payment$2,105.80$2,081.29
2nd payment$0.00$0.00
Taxes / mo$262.08$262.08
Insurance / mo$150.00$150.00
MI / mo$146.99$60.12
HOA / mo$80.00$80.00
Total monthly$2,744.88$2,633.50
Cash to close$20,511$33,400