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$357,762$247,500
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.400%
Blended rate7.050%7.640%
1st payment$2,312.36$1,713.64
2nd payment$0.00$0.00
Taxes / mo$178.00$178.00
Insurance / mo$150.00$150.00
MI / mo$167.68$49.50
HOA / mo$78.00$78.00
Total monthly$2,886.03$2,169.14
Cash to close$0$27,500