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$282,643$261,000
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.490%7.400%
Blended rate7.040%7.640%
1st payment$1,828.86$1,807.11
2nd payment$0.00$0.00
Taxes / mo$75.92$75.92
Insurance / mo$150.00$150.00
MI / mo$132.75$52.20
HOA / mo$257.00$257.00
Total monthly$2,444.53$2,342.23
Cash to close$7,357$29,000