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$307,968$301,500
Remaining term (yrs)26.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.810%7.400%
Blended rate7.360%7.640%
1st payment$2,082.50$2,087.53
2nd payment$0.00$0.00
Taxes / mo$169.83$169.83
Insurance / mo$150.00$150.00
MI / mo$146.26$60.30
HOA / mo$90.00$90.00
Total monthly$2,638.60$2,557.66
Cash to close$27,032$33,500