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$309,521$265,500
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.060%7.400%
Blended rate7.610%7.640%
1st payment$2,117.80$1,838.27
2nd payment$0.00$0.00
Taxes / mo$365.66$365.66
Insurance / mo$150.00$150.00
MI / mo$145.02$53.10
HOA / mo$0.00$0.00
Total monthly$2,778.47$2,407.03
Cash to close$0$29,500