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$307,804$296,910
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.270%7.400%
Blended rate6.820%7.640%
1st payment$1,987.16$2,055.74
2nd payment$0.00$0.00
Taxes / mo$68.67$68.67
Insurance / mo$150.00$150.00
MI / mo$147.61$59.38
HOA / mo$38.33$38.33
Total monthly$2,391.77$2,372.12
Cash to close$22,096$32,990