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$317,506$288,000
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.120%7.400%
Blended rate6.670%7.640%
1st payment$2,017.43$1,994.05
2nd payment$0.00$0.00
Taxes / mo$423.58$423.58
Insurance / mo$150.00$150.00
MI / mo$152.26$57.60
HOA / mo$194.00$194.00
Total monthly$2,937.27$2,819.24
Cash to close$2,494$32,000