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$319,219$305,910
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.330%7.400%
Blended rate6.880%7.640%
1st payment$2,072.92$2,118.06
2nd payment$0.00$0.00
Taxes / mo$201.17$201.17
Insurance / mo$150.00$150.00
MI / mo$153.01$61.18
HOA / mo$528.00$528.00
Total monthly$3,105.09$3,058.41
Cash to close$20,681$33,990