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$329,569$265,860
Remaining term (yrs)27.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.500%7.400%
Blended rate8.050%7.640%
1st payment$2,368.60$1,840.76
2nd payment$0.00$0.00
Taxes / mo$344.08$344.08
Insurance / mo$150.00$150.00
MI / mo$155.26$53.17
HOA / mo$50.00$50.00
Total monthly$3,067.94$2,438.02
Cash to close$0$29,540