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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$331,060$251,100
Remaining term (yrs)25.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.3%7.18%
Blended rate6.15%7.42%
1st payment$1,962.89$1,701.04
2nd payment$0.00$0.00
Taxes / mo$117.00$117.00
Insurance / mo$150.00$150.00
MI / mo$250.38$50.22
HOA / mo$118.00$118.00
Total monthly$2,598.27$2,136.26
Cash to close$0$27,900