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$295,189$256,500
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.740%7.400%
Blended rate7.290%7.640%
1st payment$1,963.84$1,775.95
2nd payment$0.00$0.00
Taxes / mo$237.50$237.50
Insurance / mo$150.00$150.00
MI / mo$138.92$51.30
HOA / mo$150.00$150.00
Total monthly$2,640.26$2,364.75
Cash to close$0$28,500