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$283,677$253,800
Remaining term (yrs)36.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.490%7.400%
Blended rate7.040%7.640%
1st payment$1,693.75$1,757.26
2nd payment$0.00$0.00
Taxes / mo$80.87$80.87
Insurance / mo$150.00$150.00
MI / mo$132.76$50.76
HOA / mo$0.00$0.00
Total monthly$2,057.38$2,038.89
Cash to close$0$28,200