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$319,869$292,049
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.280%7.400%
Blended rate6.830%7.640%
1st payment$2,062.03$2,022.09
2nd payment$0.00$0.00
Taxes / mo$134.17$134.17
Insurance / mo$150.00$150.00
MI / mo$153.01$58.41
HOA / mo$130.00$130.00
Total monthly$2,629.21$2,494.67
Cash to close$4,630$32,450