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$308,799$296,910
Remaining term (yrs)26.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.120%7.400%
Blended rate7.670%7.640%
1st payment$2,148.18$2,055.74
2nd payment$0.00$0.00
Taxes / mo$122.75$122.75
Insurance / mo$150.00$150.00
MI / mo$146.21$59.38
HOA / mo$79.67$79.67
Total monthly$2,646.81$2,467.55
Cash to close$21,101$32,990