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$317,575$288,000
Remaining term (yrs)27.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.64%7.18%
Blended rate7.19%7.42%
1st payment$2,101.13$1,951.01
2nd payment$0.00$0.00
Taxes / mo$366.92$366.92
Insurance / mo$150.00$150.00
MI / mo$150.17$57.60
HOA / mo$0.00$0.00
Total monthly$2,768.22$2,525.53
Cash to close$2,425$32,000