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$311,324$229,500
Remaining term (yrs)26.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.900%7.400%
Blended rate7.450%7.640%
1st payment$2,121.08$1,589.01
2nd payment$0.00$0.00
Taxes / mo$283.33$283.33
Insurance / mo$150.00$150.00
MI / mo$147.61$45.90
HOA / mo$100.00$100.00
Total monthly$2,802.02$2,168.24
Cash to close$0$25,500