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$315,927$292,500
Remaining term (yrs)27.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.760%7.400%
Blended rate8.310%7.640%
1st payment$2,323.50$2,025.21
2nd payment$0.00$0.00
Taxes / mo$574.16$574.16
Insurance / mo$150.00$150.00
MI / mo$148.51$58.50
HOA / mo$17.00$17.00
Total monthly$3,213.17$2,824.87
Cash to close$9,073$32,500