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$310,624$311,399
Remaining term (yrs)26.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.950%7.400%
Blended rate7.800%7.640%
1st payment$2,144.86$2,156.06
2nd payment$0.00$0.00
Taxes / mo$288.33$288.33
Insurance / mo$150.00$150.00
MI / mo$229.52$62.28
HOA / mo$0.00$0.00
Total monthly$2,812.70$2,656.68
Cash to close$35,375$34,600