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$301,415$249,210
Remaining term (yrs)26.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.080%7.400%
Blended rate7.930%7.640%
1st payment$2,106.65$1,725.48
2nd payment$0.00$0.00
Taxes / mo$318.67$318.67
Insurance / mo$150.00$150.00
MI / mo$222.49$49.84
HOA / mo$320.00$320.00
Total monthly$3,117.81$2,563.99
Cash to close$0$27,690