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$278,990$238,500
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.720%7.400%
Blended rate7.270%7.640%
1st payment$1,841.19$1,651.33
2nd payment$0.00$0.00
Taxes / mo$494.08$494.08
Insurance / mo$150.00$150.00
MI / mo$130.51$47.70
HOA / mo$100.00$100.00
Total monthly$2,715.78$2,443.11
Cash to close$0$26,500