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$341,895$216,000
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.220%7.400%
Blended rate6.070%7.640%
1st payment$2,004.75$1,495.54
2nd payment$0.00$0.00
Taxes / mo$663.25$663.25
Insurance / mo$150.00$150.00
MI / mo$258.02$43.20
HOA / mo$18.75$18.75
Total monthly$3,094.77$2,370.74
Cash to close$0$24,000