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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$309,151$280,800
Remaining term (yrs)26.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.36%7.18%
Blended rate7.21%7.42%
1st payment$2,018.30$1,902.24
2nd payment$0.00$0.00
Taxes / mo$120.25$120.25
Insurance / mo$150.00$150.00
MI / mo$229.52$56.16
HOA / mo$74.00$74.00
Total monthly$2,592.06$2,302.65
Cash to close$2,849$31,200