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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$341,723$315,000
Remaining term (yrs)25.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate5%7.18%
Blended rate5.85%7.42%
1st payment$1,974.85$2,133.92
2nd payment$0.00$0.00
Taxes / mo$157.75$157.75
Insurance / mo$150.00$150.00
MI / mo$260.58$63.00
HOA / mo$117.00$117.00
Total monthly$2,660.18$2,621.67
Cash to close$8,277$35,000