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$331,517$283,500
Remaining term (yrs)26.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.810%7.400%
Blended rate7.660%7.640%
1st payment$2,259.23$1,962.90
2nd payment$0.00$0.00
Taxes / mo$293.08$293.08
Insurance / mo$150.00$150.00
MI / mo$245.22$56.70
HOA / mo$150.00$150.00
Total monthly$3,097.53$2,612.68
Cash to close$0$31,500