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$277,961$248,400
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.410%7.400%
Blended rate6.260%7.640%
1st payment$1,661.44$1,719.87
2nd payment$0.00$0.00
Taxes / mo$110.67$110.67
Insurance / mo$150.00$150.00
MI / mo$209.35$49.68
HOA / mo$339.00$339.00
Total monthly$2,470.45$2,369.22
Cash to close$0$27,600