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$311,637$272,700
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.700%7.400%
Blended rate7.550%7.640%
1st payment$2,106.68$1,888.12
2nd payment$0.00$0.00
Taxes / mo$132.50$132.50
Insurance / mo$150.00$150.00
MI / mo$231.25$54.54
HOA / mo$0.00$0.00
Total monthly$2,620.44$2,225.16
Cash to close$0$30,300