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$285,301$269,910
Remaining term (yrs)28.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.630%7.400%
Blended rate7.180%7.640%
1st payment$1,855.03$1,868.80
2nd payment$0.00$0.00
Taxes / mo$647.67$647.67
Insurance / mo$150.00$150.00
MI / mo$132.71$53.98
HOA / mo$8.33$8.33
Total monthly$2,793.74$2,728.78
Cash to close$14,599$29,990