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$335,096$219,600
Remaining term (yrs)26.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.57%7.24%
Blended rate7.12%7.48%
1st payment$2,219.27$1,496.57
2nd payment$0.00$0.00
Taxes / mo$203.00$203.00
Insurance / mo$150.00$150.00
MI / mo$159.76$43.92
HOA / mo$0.00$0.00
Total monthly$2,732.03$1,893.49
Cash to close$0$24,400