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$275,796$269,910
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.920%7.400%
Blended rate7.470%7.640%
1st payment$1,861.65$1,868.80
2nd payment$0.00$0.00
Taxes / mo$348.27$348.27
Insurance / mo$150.00$150.00
MI / mo$129.29$53.98
HOA / mo$0.00$0.00
Total monthly$2,489.21$2,421.05
Cash to close$24,104$29,990