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$297,634$242,091
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.710%7.400%
Blended rate7.260%7.640%
1st payment$1,997.86$1,676.19
2nd payment$0.00$0.00
Taxes / mo$392.90$392.90
Insurance / mo$150.00$150.00
MI / mo$141.76$48.42
HOA / mo$216.00$216.00
Total monthly$2,898.51$2,483.50
Cash to close$0$26,899