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$292,467$278,100
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.920%7.400%
Blended rate7.470%7.640%
1st payment$1,974.17$1,925.51
2nd payment$0.00$0.00
Taxes / mo$533.33$533.33
Insurance / mo$150.00$150.00
MI / mo$137.11$55.62
HOA / mo$115.00$115.00
Total monthly$2,909.61$2,779.46
Cash to close$16,533$30,900