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$315,711$293,310
Remaining term (yrs)28.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.200%7.400%
Blended rate6.750%7.640%
1st payment$1,975.50$2,030.82
2nd payment$0.00$0.00
Taxes / mo$560.67$560.67
Insurance / mo$150.00$150.00
MI / mo$147.83$58.66
HOA / mo$262.00$262.00
Total monthly$3,096.00$3,062.15
Cash to close$10,189$32,590