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$319,485$245,714
Remaining term (yrs)25.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.41%7.18%
Blended rate6.26%7.42%
1st payment$1,912.45$1,664.55
2nd payment$0.00$0.00
Taxes / mo$148.83$148.83
Insurance / mo$150.00$150.00
MI / mo$240.97$49.14
HOA / mo$142.00$142.00
Total monthly$2,594.25$2,154.52
Cash to close$0$27,302