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$333,569$271,350
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.320%
Blended rate7.050%7.560%
1st payment$2,172.16$1,863.99
2nd payment$0.00$0.00
Taxes / mo$101.25$101.25
Insurance / mo$150.00$150.00
MI / mo$157.51$54.27
HOA / mo$0.00$0.00
Total monthly$2,580.93$2,169.51
Cash to close$0$30,150