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$339,024$283,500
Remaining term (yrs)28.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.810%7.400%
Blended rate7.360%7.640%
1st payment$2,240.14$1,962.90
2nd payment$0.00$0.00
Taxes / mo$133.17$133.17
Insurance / mo$150.00$150.00
MI / mo$157.33$56.70
HOA / mo$87.00$87.00
Total monthly$2,767.64$2,389.76
Cash to close$0$31,500