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$302,456$283,500
Remaining term (yrs)26.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.430%7.400%
Blended rate6.980%7.640%
1st payment$1,971.54$1,962.90
2nd payment$0.00$0.00
Taxes / mo$283.58$283.58
Insurance / mo$150.00$150.00
MI / mo$144.01$56.70
HOA / mo$90.00$90.00
Total monthly$2,639.13$2,543.18
Cash to close$12,544$31,500