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$309,529$280,800
Remaining term (yrs)26.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.360%7.400%
Blended rate7.210%7.640%
1st payment$2,018.30$1,944.20
2nd payment$0.00$0.00
Taxes / mo$120.25$120.25
Insurance / mo$150.00$150.00
MI / mo$229.52$56.16
HOA / mo$74.00$74.00
Total monthly$2,592.06$2,344.61
Cash to close$2,471$31,200