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$302,671$247,500
Remaining term (yrs)25.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate4.670%7.400%
Blended rate5.520%7.640%
1st payment$1,685.44$1,713.64
2nd payment$0.00$0.00
Taxes / mo$108.58$108.58
Insurance / mo$150.00$150.00
MI / mo$230.99$49.50
HOA / mo$177.00$177.00
Total monthly$2,352.02$2,198.72
Cash to close$0$27,500