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$281,982$258,300
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.170%7.400%
Blended rate7.720%7.640%
1st payment$1,953.56$1,788.42
2nd payment$0.00$0.00
Taxes / mo$501.50$501.50
Insurance / mo$150.00$150.00
MI / mo$132.30$51.66
HOA / mo$75.00$75.00
Total monthly$2,812.36$2,566.58
Cash to close$5,018$28,700