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$332,548$292,499
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.990%7.320%
Blended rate7.540%7.560%
1st payment$2,264.42$2,009.27
2nd payment$0.00$0.00
Taxes / mo$266.92$266.92
Insurance / mo$150.00$150.00
MI / mo$156.16$58.50
HOA / mo$222.00$222.00
Total monthly$3,059.50$2,706.68
Cash to close$0$32,500