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$313,986$269,910
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$2,029.57$1,828.46
2nd payment$0.00$0.00
Taxes / mo$175.42$175.42
Insurance / mo$150.00$150.00
MI / mo$150.76$53.98
HOA / mo$142.00$142.00
Total monthly$2,647.75$2,349.86
Cash to close$0$29,990