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$288,205$283,500
Remaining term (yrs)28.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.850%7.400%
Blended rate7.400%7.640%
1st payment$1,917.30$1,962.90
2nd payment$0.00$0.00
Taxes / mo$89.98$89.98
Insurance / mo$150.00$150.00
MI / mo$134.11$56.70
HOA / mo$431.00$431.00
Total monthly$2,722.39$2,690.57
Cash to close$26,795$31,500