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$275,969$272,700
Remaining term (yrs)28.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.930%7.400%
Blended rate7.480%7.640%
1st payment$1,852.19$1,888.12
2nd payment$0.00$0.00
Taxes / mo$630.67$630.67
Insurance / mo$150.00$150.00
MI / mo$128.51$54.54
HOA / mo$29.17$29.17
Total monthly$2,790.53$2,752.50
Cash to close$27,031$30,300