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$317,538$283,410
Remaining term (yrs)28.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.720%7.400%
Blended rate7.270%7.640%
1st payment$2,075.46$1,962.27
2nd payment$0.00$0.00
Taxes / mo$293.58$293.58
Insurance / mo$150.00$150.00
MI / mo$147.11$56.68
HOA / mo$100.00$100.00
Total monthly$2,766.16$2,562.54
Cash to close$0$31,490