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$351,069$252,000
Remaining term (yrs)28.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.850%7.400%
Blended rate7.400%7.640%
1st payment$2,335.51$1,744.80
2nd payment$0.00$0.00
Taxes / mo$127.58$127.58
Insurance / mo$150.00$150.00
MI / mo$163.36$50.40
HOA / mo$103.00$103.00
Total monthly$2,879.45$2,175.78
Cash to close$0$28,000