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$291,850$287,370
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.870%7.400%
Blended rate7.420%7.640%
1st payment$1,966.34$1,989.69
2nd payment$0.00$0.00
Taxes / mo$272.92$272.92
Insurance / mo$150.00$150.00
MI / mo$137.26$57.47
HOA / mo$33.33$33.33
Total monthly$2,559.84$2,503.41
Cash to close$27,450$31,930