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$289,139$262,800
Remaining term (yrs)25.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.270%7.400%
Blended rate6.120%7.640%
1st payment$1,711.77$1,819.57
2nd payment$0.00$0.00
Taxes / mo$268.50$268.50
Insurance / mo$150.00$150.00
MI / mo$219.08$52.56
HOA / mo$57.00$57.00
Total monthly$2,406.35$2,347.63
Cash to close$2,861$29,200