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$300,460$261,000
Remaining term (yrs)25.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.100%7.400%
Blended rate5.950%7.640%
1st payment$1,751.27$1,807.11
2nd payment$0.00$0.00
Taxes / mo$356.50$356.50
Insurance / mo$150.00$150.00
MI / mo$228.47$52.20
HOA / mo$55.00$55.00
Total monthly$2,541.24$2,420.81
Cash to close$0$29,000