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$321,331$247,500
Remaining term (yrs)27.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.030%7.400%
Blended rate7.580%7.640%
1st payment$2,194.36$1,713.64
2nd payment$0.00$0.00
Taxes / mo$464.08$464.08
Insurance / mo$150.00$150.00
MI / mo$150.72$49.50
HOA / mo$265.00$265.00
Total monthly$3,224.16$2,642.22
Cash to close$0$27,500