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$304,714$269,100
Remaining term (yrs)26.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.310%7.400%
Blended rate7.160%7.640%
1st payment$1,977.30$1,863.19
2nd payment$0.00$0.00
Taxes / mo$436.08$436.08
Insurance / mo$150.00$150.00
MI / mo$226.04$53.82
HOA / mo$0.00$0.00
Total monthly$2,789.42$2,503.10
Cash to close$0$29,900