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$320,486$313,110
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.020%7.400%
Blended rate6.870%7.640%
1st payment$2,029.44$2,167.91
2nd payment$0.00$0.00
Taxes / mo$447.75$447.75
Insurance / mo$150.00$150.00
MI / mo$239.25$62.62
HOA / mo$219.67$219.67
Total monthly$3,086.11$3,047.95
Cash to close$27,414$34,790