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$286,155$269,910
Remaining term (yrs)27.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.220%7.400%
Blended rate7.770%7.640%
1st payment$2,003.47$1,868.80
2nd payment$0.00$0.00
Taxes / mo$434.67$434.67
Insurance / mo$150.00$150.00
MI / mo$135.01$53.98
HOA / mo$0.00$0.00
Total monthly$2,723.15$2,507.45
Cash to close$13,745$29,990