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$322,063$247,500
Remaining term (yrs)27.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.820%7.400%
Blended rate7.370%7.640%
1st payment$2,166.07$1,713.64
2nd payment$0.00$0.00
Taxes / mo$150.92$150.92
Insurance / mo$150.00$150.00
MI / mo$151.97$49.50
HOA / mo$98.00$98.00
Total monthly$2,716.96$2,162.06
Cash to close$0$27,500