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$289,040$278,100
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.110%7.400%
Blended rate6.960%7.640%
1st payment$1,846.46$1,925.51
2nd payment$0.00$0.00
Taxes / mo$709.05$709.05
Insurance / mo$150.00$150.00
MI / mo$215.60$55.62
HOA / mo$13.75$13.75
Total monthly$2,934.86$2,853.93
Cash to close$19,960$30,900