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$316,530$269,100
Remaining term (yrs)25.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.23%7.18%
Blended rate6.08%7.42%
1st payment$1,866.40$1,822.98
2nd payment$0.00$0.00
Taxes / mo$94.83$94.83
Insurance / mo$150.00$150.00
MI / mo$239.95$53.82
HOA / mo$0.00$0.00
Total monthly$2,351.18$2,121.63
Cash to close$0$29,900