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$274,723$251,910
Remaining term (yrs)28.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.720%7.400%
Blended rate7.270%7.640%
1st payment$1,809.44$1,744.17
2nd payment$0.00$0.00
Taxes / mo$120.92$120.92
Insurance / mo$150.00$150.00
MI / mo$128.26$50.38
HOA / mo$0.00$0.00
Total monthly$2,208.62$2,065.47
Cash to close$5,177$27,990