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$296,931$285,300
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.540%7.400%
Blended rate7.090%7.640%
1st payment$1,963.09$1,975.36
2nd payment$0.00$0.00
Taxes / mo$286.67$286.67
Insurance / mo$150.00$150.00
MI / mo$141.76$57.06
HOA / mo$57.00$57.00
Total monthly$2,598.52$2,526.09
Cash to close$20,069$31,700