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$318,672$256,410
Remaining term (yrs)26.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.27%7.18%
Blended rate6.82%7.42%
1st payment$2,059.86$1,737.01
2nd payment$0.00$0.00
Taxes / mo$174.83$174.83
Insurance / mo$150.00$150.00
MI / mo$153.01$51.28
HOA / mo$108.00$108.00
Total monthly$2,645.70$2,221.13
Cash to close$0$28,490