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$315,804$256,410
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.390%7.400%
Blended rate6.940%7.640%
1st payment$2,055.34$1,775.33
2nd payment$0.00$0.00
Taxes / mo$404.00$404.00
Insurance / mo$150.00$150.00
MI / mo$150.76$51.28
HOA / mo$105.00$105.00
Total monthly$2,865.10$2,485.61
Cash to close$0$28,490