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$306,584$296,910
Remaining term (yrs)22.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.740%7.400%
Blended rate7.290%7.640%
1st payment$2,201.90$2,055.74
2nd payment$0.00$0.00
Taxes / mo$331.00$331.00
Insurance / mo$150.00$150.00
MI / mo$146.20$59.38
HOA / mo$11.58$11.58
Total monthly$2,840.68$2,607.71
Cash to close$23,316$32,990