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$289,152$265,500
Remaining term (yrs)28.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.690%7.400%
Blended rate7.240%7.640%
1st payment$1,898.81$1,838.27
2nd payment$0.00$0.00
Taxes / mo$392.50$392.50
Insurance / mo$150.00$150.00
MI / mo$135.01$53.10
HOA / mo$0.00$0.00
Total monthly$2,576.32$2,433.87
Cash to close$5,848$29,500