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$291,512$269,910
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.730%7.400%
Blended rate7.280%7.640%
1st payment$1,964.92$1,868.80
2nd payment$0.00$0.00
Taxes / mo$292.17$292.17
Insurance / mo$150.00$150.00
MI / mo$139.14$53.98
HOA / mo$70.00$70.00
Total monthly$2,616.22$2,434.95
Cash to close$8,388$29,990