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$312,380$247,491
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.94%7.18%
Blended rate7.49%7.42%
1st payment$2,123.21$1,676.59
2nd payment$0.00$0.00
Taxes / mo$135.33$135.33
Insurance / mo$150.00$150.00
MI / mo$147.16$49.50
HOA / mo$125.00$125.00
Total monthly$2,680.70$2,136.42
Cash to close$0$27,499