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$300,037$238,500
Remaining term (yrs)26.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.960%7.400%
Blended rate7.510%7.640%
1st payment$2,055.88$1,651.33
2nd payment$0.00$0.00
Taxes / mo$421.67$421.67
Insurance / mo$150.00$150.00
MI / mo$142.21$47.70
HOA / mo$193.00$193.00
Total monthly$2,962.75$2,463.69
Cash to close$0$26,500