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$286,856$283,500
Remaining term (yrs)27.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.440%7.400%
Blended rate7.990%7.640%
1st payment$2,048.23$1,962.90
2nd payment$0.00$0.00
Taxes / mo$498.83$498.83
Insurance / mo$150.00$150.00
MI / mo$135.05$56.70
HOA / mo$83.33$83.33
Total monthly$2,915.45$2,751.76
Cash to close$28,144$31,500