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$298,067$283,500
Remaining term (yrs)25.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.780%7.400%
Blended rate6.630%7.640%
1st payment$1,851.04$1,962.90
2nd payment$0.00$0.00
Taxes / mo$315.25$315.25
Insurance / mo$150.00$150.00
MI / mo$223.94$56.70
HOA / mo$50.00$50.00
Total monthly$2,590.23$2,534.85
Cash to close$16,933$31,500