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$317,102$242,100
Remaining term (yrs)28.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.040%7.400%
Blended rate7.590%7.640%
1st payment$2,151.33$1,676.25
2nd payment$0.00$0.00
Taxes / mo$91.75$91.75
Insurance / mo$150.00$150.00
MI / mo$147.61$48.42
HOA / mo$0.00$0.00
Total monthly$2,540.69$1,966.42
Cash to close$0$26,900