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$282,012$274,491
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.870%7.400%
Blended rate7.420%7.640%
1st payment$1,894.36$1,900.52
2nd payment$0.00$0.00
Taxes / mo$99.83$99.83
Insurance / mo$150.00$150.00
MI / mo$132.24$54.90
HOA / mo$96.00$96.00
Total monthly$2,372.43$2,301.25
Cash to close$22,978$30,499