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$311,071$306,000
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.540%7.400%
Blended rate7.090%7.640%
1st payment$2,056.57$2,118.68
2nd payment$0.00$0.00
Taxes / mo$105.75$105.75
Insurance / mo$150.00$150.00
MI / mo$148.51$61.20
HOA / mo$89.00$89.00
Total monthly$2,549.83$2,524.63
Cash to close$28,929$34,000