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$316,735$292,410
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.880%7.400%
Blended rate7.430%7.640%
1st payment$2,136.07$2,024.59
2nd payment$0.00$0.00
Taxes / mo$647.75$647.75
Insurance / mo$150.00$150.00
MI / mo$148.96$58.48
HOA / mo$658.00$658.00
Total monthly$3,740.77$3,538.82
Cash to close$8,165$32,490