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$320,271$314,991
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.900%7.400%
Blended rate7.450%7.640%
1st payment$2,166.28$2,180.93
2nd payment$0.00$0.00
Taxes / mo$545.83$545.83
Insurance / mo$150.00$150.00
MI / mo$150.76$63.00
HOA / mo$57.00$57.00
Total monthly$3,069.87$2,996.77
Cash to close$29,719$34,999