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$289,644$221,310
Remaining term (yrs)26.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.340%7.400%
Blended rate6.890%7.640%
1st payment$1,873.69$1,532.31
2nd payment$0.00$0.00
Taxes / mo$257.17$257.17
Insurance / mo$150.00$150.00
MI / mo$138.16$44.26
HOA / mo$326.00$326.00
Total monthly$2,745.02$2,309.73
Cash to close$0$24,590