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$292,953$287,910
Remaining term (yrs)26.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.570%7.400%
Blended rate7.120%7.640%
1st payment$1,937.95$1,993.43
2nd payment$0.00$0.00
Taxes / mo$281.00$281.00
Insurance / mo$150.00$150.00
MI / mo$139.51$57.58
HOA / mo$0.00$0.00
Total monthly$2,508.46$2,482.01
Cash to close$26,947$31,990