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$314,527$316,800
Remaining term (yrs)26.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.48%7.11%
Blended rate7.03%7.35%
1st payment$2,074.75$2,131.13
2nd payment$0.00$0.00
Taxes / mo$382.67$382.67
Insurance / mo$150.00$150.00
MI / mo$150.76$63.36
HOA / mo$0.00$0.00
Total monthly$2,758.18$2,727.16
Cash to close$37,473$35,200