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$298,021$269,100
Remaining term (yrs)28.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.600%7.400%
Blended rate7.150%7.640%
1st payment$1,937.65$1,863.19
2nd payment$0.00$0.00
Taxes / mo$371.49$371.49
Insurance / mo$150.00$150.00
MI / mo$139.06$53.82
HOA / mo$0.00$0.00
Total monthly$2,598.19$2,438.51
Cash to close$979$29,900