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$317,692$292,500
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.880%7.400%
Blended rate7.430%7.640%
1st payment$2,142.52$2,025.21
2nd payment$0.00$0.00
Taxes / mo$647.75$647.75
Insurance / mo$150.00$150.00
MI / mo$149.41$58.50
HOA / mo$54.00$54.00
Total monthly$3,143.68$2,935.46
Cash to close$7,308$32,500