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$319,267$310,410
Remaining term (yrs)28.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.640%7.400%
Blended rate7.190%7.640%
1st payment$2,077.96$2,149.22
2nd payment$0.00$0.00
Taxes / mo$561.83$561.83
Insurance / mo$150.00$150.00
MI / mo$148.51$62.08
HOA / mo$74.00$74.00
Total monthly$3,012.31$2,997.13
Cash to close$25,633$34,490