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$304,436$279,000
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.540%7.400%
Blended rate7.090%7.640%
1st payment$1,975.56$1,931.74
2nd payment$0.00$0.00
Taxes / mo$72.67$72.67
Insurance / mo$150.00$150.00
MI / mo$142.66$55.80
HOA / mo$110.00$110.00
Total monthly$2,450.88$2,320.21
Cash to close$5,564$31,000