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$296,396$214,200
Remaining term (yrs)26.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.330%7.400%
Blended rate7.180%7.640%
1st payment$1,929.43$1,483.08
2nd payment$0.00$0.00
Taxes / mo$313.83$313.83
Insurance / mo$150.00$150.00
MI / mo$220.10$42.84
HOA / mo$190.67$190.67
Total monthly$2,804.03$2,180.42
Cash to close$0$23,800