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$319,957$314,910
Remaining term (yrs)27.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.630%7.320%
Blended rate8.180%7.560%
1st payment$2,327.31$2,163.21
2nd payment$0.00$0.00
Taxes / mo$69.75$69.75
Insurance / mo$150.00$150.00
MI / mo$150.63$62.98
HOA / mo$0.00$0.00
Total monthly$2,697.69$2,445.95
Cash to close$29,943$34,990