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$298,159$292,500
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.640%7.400%
Blended rate7.190%7.640%
1st payment$1,968.44$2,025.21
2nd payment$0.00$0.00
Taxes / mo$274.58$274.58
Insurance / mo$150.00$150.00
MI / mo$140.68$58.50
HOA / mo$66.67$66.67
Total monthly$2,600.38$2,574.96
Cash to close$26,841$32,500