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$302,338$288,000
Remaining term (yrs)27.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.200%7.400%
Blended rate7.750%7.640%
1st payment$2,112.78$1,994.05
2nd payment$0.00$0.00
Taxes / mo$275.75$275.75
Insurance / mo$150.00$150.00
MI / mo$142.66$57.60
HOA / mo$0.00$0.00
Total monthly$2,681.19$2,477.40
Cash to close$17,662$32,000