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$319,968$314,910
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.100%7.400%
Blended rate7.650%7.640%
1st payment$2,204.06$2,180.37
2nd payment$0.00$0.00
Taxes / mo$144.00$144.00
Insurance / mo$150.00$150.00
MI / mo$150.32$62.98
HOA / mo$215.00$215.00
Total monthly$2,863.38$2,752.36
Cash to close$29,932$34,990