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$313,949$283,500
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.950%7.400%
Blended rate7.500%7.640%
1st payment$2,125.36$1,962.90
2nd payment$0.00$0.00
Taxes / mo$344.75$344.75
Insurance / mo$150.00$150.00
MI / mo$147.16$56.70
HOA / mo$50.00$50.00
Total monthly$2,817.28$2,564.35
Cash to close$1,051$31,500