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$300,430$296,910
Remaining term (yrs)27.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.200%7.400%
Blended rate7.750%7.640%
1st payment$2,099.45$2,055.74
2nd payment$0.00$0.00
Taxes / mo$286.67$286.67
Insurance / mo$150.00$150.00
MI / mo$141.76$59.38
HOA / mo$0.00$0.00
Total monthly$2,677.88$2,551.79
Cash to close$29,470$32,990