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$307,183$292,500
Remaining term (yrs)28.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.600%7.400%
Blended rate7.150%7.640%
1st payment$1,997.21$2,025.21
2nd payment$0.00$0.00
Taxes / mo$580.58$580.58
Insurance / mo$150.00$150.00
MI / mo$143.33$58.50
HOA / mo$60.00$60.00
Total monthly$2,931.13$2,874.29
Cash to close$17,817$32,500