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$275,251$255,150
Remaining term (yrs)27.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.990%7.400%
Blended rate6.540%7.640%
1st payment$1,705.37$1,766.61
2nd payment$0.00$0.00
Taxes / mo$284.23$284.23
Insurance / mo$150.00$150.00
MI / mo$130.51$51.03
HOA / mo$170.00$170.00
Total monthly$2,440.11$2,421.87
Cash to close$8,249$28,350