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$297,156$283,499
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.780%7.400%
Blended rate7.330%7.640%
1st payment$1,986.70$1,962.89
2nd payment$0.00$0.00
Taxes / mo$72.42$72.42
Insurance / mo$150.00$150.00
MI / mo$139.96$56.70
HOA / mo$224.00$224.00
Total monthly$2,573.07$2,466.01
Cash to close$17,843$31,500