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$294,032$256,500
Remaining term (yrs)27.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.880%7.400%
Blended rate6.430%7.640%
1st payment$1,801.52$1,775.95
2nd payment$0.00$0.00
Taxes / mo$315.42$315.42
Insurance / mo$150.00$150.00
MI / mo$139.51$51.30
HOA / mo$6.25$6.25
Total monthly$2,412.70$2,298.92
Cash to close$0$28,500