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$301,373$274,500
Remaining term (yrs)27.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.500%7.400%
Blended rate8.050%7.640%
1st payment$2,161.94$1,900.58
2nd payment$0.00$0.00
Taxes / mo$308.42$308.42
Insurance / mo$150.00$150.00
MI / mo$141.71$54.90
HOA / mo$100.00$100.00
Total monthly$2,862.07$2,513.90
Cash to close$3,627$30,500