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$317,619$268,200
Remaining term (yrs)25.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.41%7.18%
Blended rate6.26%7.42%
1st payment$1,901.28$1,816.88
2nd payment$0.00$0.00
Taxes / mo$123.42$123.42
Insurance / mo$150.00$150.00
MI / mo$239.57$53.64
HOA / mo$86.00$86.00
Total monthly$2,500.27$2,229.94
Cash to close$0$29,800