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$302,508$287,955
Remaining term (yrs)29.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.560%7.400%
Blended rate7.110%7.640%
1st payment$1,943.64$1,993.74
2nd payment$0.00$0.00
Taxes / mo$539.58$539.58
Insurance / mo$150.00$150.00
MI / mo$140.06$57.59
HOA / mo$0.00$0.00
Total monthly$2,773.29$2,740.92
Cash to close$17,442$31,995