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$280,950$269,910
Remaining term (yrs)27.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.180%7.400%
Blended rate7.730%7.640%
1st payment$1,961.57$1,868.80
2nd payment$0.00$0.00
Taxes / mo$427.23$427.23
Insurance / mo$150.00$150.00
MI / mo$132.71$53.98
HOA / mo$180.00$180.00
Total monthly$2,851.51$2,680.01
Cash to close$18,950$29,990