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$317,852$314,910
Remaining term (yrs)22.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.91%7.18%
Blended rate7.46%7.42%
1st payment$2,337.89$2,133.31
2nd payment$0.00$0.00
Taxes / mo$91.83$91.83
Insurance / mo$150.00$150.00
MI / mo$152.85$62.98
HOA / mo$0.00$0.00
Total monthly$2,732.57$2,438.13
Cash to close$32,048$34,990