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$304,901$296,910
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.110%7.400%
Blended rate6.960%7.640%
1st payment$1,947.78$2,055.74
2nd payment$0.00$0.00
Taxes / mo$115.33$115.33
Insurance / mo$150.00$150.00
MI / mo$227.43$59.38
HOA / mo$90.00$90.00
Total monthly$2,530.55$2,470.46
Cash to close$24,999$32,990