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$349,533$256,500
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.820%7.400%
Blended rate7.370%7.640%
1st payment$2,341.20$1,775.95
2nd payment$0.00$0.00
Taxes / mo$514.83$514.83
Insurance / mo$150.00$150.00
MI / mo$164.26$51.30
HOA / mo$10.58$10.58
Total monthly$3,180.87$2,502.67
Cash to close$0$28,500