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$277,463$204,300
Remaining term (yrs)26.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.710%7.400%
Blended rate7.260%7.640%
1st payment$1,858.33$1,414.53
2nd payment$0.00$0.00
Taxes / mo$264.67$264.67
Insurance / mo$150.00$150.00
MI / mo$131.86$40.86
HOA / mo$316.00$316.00
Total monthly$2,720.85$2,186.06
Cash to close$0$22,700