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$317,162$252,000
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.26%7.18%
Blended rate6.81%7.42%
1st payment$2,045.58$1,707.14
2nd payment$0.00$0.00
Taxes / mo$64.50$64.50
Insurance / mo$150.00$150.00
MI / mo$152.11$50.40
HOA / mo$0.00$0.00
Total monthly$2,412.19$1,972.04
Cash to close$0$28,000