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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$303,238$261,000
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.600%7.400%
Blended rate7.150%7.640%
1st payment$1,994.15$1,807.11
2nd payment$0.00$0.00
Taxes / mo$98.33$98.33
Insurance / mo$150.00$150.00
MI / mo$143.11$52.20
HOA / mo$18.00$18.00
Total monthly$2,403.59$2,125.64
Cash to close$0$29,000