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$281,979$274,500
Remaining term (yrs)27.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.620%7.400%
Blended rate8.170%7.640%
1st payment$2,049.17$1,900.58
2nd payment$0.00$0.00
Taxes / mo$69.67$69.67
Insurance / mo$150.00$150.00
MI / mo$132.76$54.90
HOA / mo$140.00$140.00
Total monthly$2,541.60$2,315.15
Cash to close$23,021$30,500