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$283,352$180,000
Remaining term (yrs)25.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.810%7.400%
Blended rate6.660%7.640%
1st payment$1,764.85$1,246.28
2nd payment$0.00$0.00
Taxes / mo$307.42$307.42
Insurance / mo$150.00$150.00
MI / mo$212.82$36.00
HOA / mo$90.00$90.00
Total monthly$2,525.09$1,829.70
Cash to close$0$20,000