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$296,182$296,999
Remaining term (yrs)26.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.810%7.400%
Blended rate7.660%7.640%
1st payment$2,018.43$2,056.36
2nd payment$0.00$0.00
Taxes / mo$108.50$108.50
Insurance / mo$150.00$150.00
MI / mo$219.08$59.40
HOA / mo$0.00$0.00
Total monthly$2,496.01$2,374.26
Cash to close$33,817$33,000