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$307,817$225,000
Remaining term (yrs)25.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.230%7.400%
Blended rate6.080%7.640%
1st payment$1,812.25$1,557.85
2nd payment$0.00$0.00
Taxes / mo$317.75$317.75
Insurance / mo$150.00$150.00
MI / mo$232.99$45.00
HOA / mo$50.00$50.00
Total monthly$2,562.98$2,120.60
Cash to close$0$25,000