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$292,614$279,000
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$1,959.81$1,931.74
2nd payment$0.00$0.00
Taxes / mo$97.33$97.33
Insurance / mo$150.00$150.00
MI / mo$139.06$55.80
HOA / mo$74.00$74.00
Total monthly$2,420.20$2,308.87
Cash to close$17,386$31,000