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$307,082$297,810
Remaining term (yrs)27.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.630%7.320%
Blended rate7.180%7.560%
1st payment$2,025.37$2,045.75
2nd payment$0.00$0.00
Taxes / mo$340.67$340.67
Insurance / mo$150.00$150.00
MI / mo$144.90$59.56
HOA / mo$83.33$83.33
Total monthly$2,744.27$2,679.31
Cash to close$23,818$33,090