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$285,319$267,750
Remaining term (yrs)27.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.570%7.400%
Blended rate8.120%7.640%
1st payment$2,063.90$1,853.85
2nd payment$0.00$0.00
Taxes / mo$347.83$347.83
Insurance / mo$150.00$150.00
MI / mo$134.37$53.55
HOA / mo$223.00$223.00
Total monthly$2,919.10$2,628.23
Cash to close$12,181$29,750