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$295,031$265,500
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.880%7.400%
Blended rate7.430%7.640%
1st payment$1,987.69$1,838.27
2nd payment$0.00$0.00
Taxes / mo$555.51$555.51
Insurance / mo$150.00$150.00
MI / mo$138.61$53.10
HOA / mo$173.33$173.33
Total monthly$3,005.14$2,770.21
Cash to close$0$29,500