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$301,053$292,410
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.470%7.400%
Blended rate7.020%7.640%
1st payment$1,942.04$2,024.59
2nd payment$0.00$0.00
Taxes / mo$270.75$270.75
Insurance / mo$150.00$150.00
MI / mo$141.26$58.48
HOA / mo$33.33$33.33
Total monthly$2,537.38$2,537.15
Cash to close$23,847$32,490