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$295,520$2,430
Remaining term (yrs)24.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate2.740%7.400%
Blended rate3.590%7.640%
1st payment$1,381.13$16.82
2nd payment$0.00$0.00
Taxes / mo$2.25$2.25
Insurance / mo$150.00$150.00
MI / mo$239.95$0.49
HOA / mo$0.00$0.00
Total monthly$1,773.33$169.56
Cash to close$0$270