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$304,317$292,500
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.400%
Blended rate7.050%7.640%
1st payment$1,966.92$2,025.21
2nd payment$0.00$0.00
Taxes / mo$129.17$129.17
Insurance / mo$150.00$150.00
MI / mo$142.63$58.50
HOA / mo$197.00$197.00
Total monthly$2,585.71$2,559.88
Cash to close$20,683$32,500