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$319,276$287,955
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.090%7.400%
Blended rate7.640%7.640%
1st payment$2,195.06$1,993.74
2nd payment$0.00$0.00
Taxes / mo$344.58$344.58
Insurance / mo$150.00$150.00
MI / mo$149.86$57.59
HOA / mo$82.00$82.00
Total monthly$2,921.50$2,627.92
Cash to close$674$31,995