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$306,776$304,647
Remaining term (yrs)27.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.190%7.400%
Blended rate7.740%7.640%
1st payment$2,143.90$2,109.32
2nd payment$0.00$0.00
Taxes / mo$329.92$329.92
Insurance / mo$150.00$150.00
MI / mo$144.91$60.93
HOA / mo$26.83$26.83
Total monthly$2,795.55$2,676.99
Cash to close$31,721$33,850