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$303,525$301,500
Remaining term (yrs)26.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.96%7.18%
Blended rate7.51%7.42%
1st payment$2,081.97$2,042.47
2nd payment$0.00$0.00
Taxes / mo$128.83$128.83
Insurance / mo$150.00$150.00
MI / mo$144.01$60.30
HOA / mo$92.00$92.00
Total monthly$2,596.82$2,473.60
Cash to close$31,475$33,500