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$302,587$288,000
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.470%7.400%
Blended rate7.020%7.640%
1st payment$1,951.94$1,994.05
2nd payment$0.00$0.00
Taxes / mo$266.67$266.67
Insurance / mo$150.00$150.00
MI / mo$141.98$57.60
HOA / mo$377.00$377.00
Total monthly$2,887.59$2,845.32
Cash to close$17,413$32,000