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$277,204$265,500
Remaining term (yrs)27.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.800%7.400%
Blended rate8.350%7.640%
1st payment$2,049.81$1,838.27
2nd payment$0.00$0.00
Taxes / mo$327.42$327.42
Insurance / mo$150.00$150.00
MI / mo$130.51$53.10
HOA / mo$160.00$160.00
Total monthly$2,817.74$2,528.79
Cash to close$17,796$29,500