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$304,836$288,000
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.600%7.400%
Blended rate7.150%7.640%
1st payment$2,031.71$1,994.05
2nd payment$0.00$0.00
Taxes / mo$314.67$314.67
Insurance / mo$150.00$150.00
MI / mo$145.81$57.60
HOA / mo$257.00$257.00
Total monthly$2,899.18$2,773.32
Cash to close$15,164$32,000