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$292,085$278,100
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.320%7.400%
Blended rate6.870%7.640%
1st payment$1,888.03$1,925.51
2nd payment$0.00$0.00
Taxes / mo$384.92$384.92
Insurance / mo$150.00$150.00
MI / mo$139.51$55.62
HOA / mo$110.00$110.00
Total monthly$2,672.46$2,626.04
Cash to close$16,915$30,900