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$283,153$256,500
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.890%7.400%
Blended rate7.440%7.640%
1st payment$1,905.74$1,775.95
2nd payment$0.00$0.00
Taxes / mo$317.92$317.92
Insurance / mo$150.00$150.00
MI / mo$132.76$51.30
HOA / mo$290.00$290.00
Total monthly$2,796.41$2,585.17
Cash to close$1,847$28,500