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$309,683$282,600
Remaining term (yrs)27.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.66%7.18%
Blended rate7.21%7.42%
1st payment$2,050.71$1,914.43
2nd payment$0.00$0.00
Taxes / mo$272.75$272.75
Insurance / mo$150.00$150.00
MI / mo$146.26$56.52
HOA / mo$0.00$0.00
Total monthly$2,619.72$2,393.70
Cash to close$4,317$31,400