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$318,266$269,910
Remaining term (yrs)27.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.670%7.400%
Blended rate7.220%7.640%
1st payment$2,109.60$1,868.80
2nd payment$0.00$0.00
Taxes / mo$595.42$595.42
Insurance / mo$150.00$150.00
MI / mo$150.31$53.98
HOA / mo$19.33$19.33
Total monthly$3,024.66$2,687.53
Cash to close$0$29,990