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$298,276$234,000
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.410%7.400%
Blended rate6.260%7.640%
1st payment$1,782.87$1,620.17
2nd payment$0.00$0.00
Taxes / mo$303.33$303.33
Insurance / mo$150.00$150.00
MI / mo$224.65$46.80
HOA / mo$90.00$90.00
Total monthly$2,550.85$2,210.30
Cash to close$0$26,000