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$302,314$287,100
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.030%7.400%
Blended rate7.580%7.640%
1st payment$2,066.50$1,987.82
2nd payment$0.00$0.00
Taxes / mo$597.01$597.01
Insurance / mo$150.00$150.00
MI / mo$141.93$57.42
HOA / mo$49.00$49.00
Total monthly$3,004.44$2,841.25
Cash to close$16,686$31,900