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$286,294$254,700
Remaining term (yrs)27.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.310%7.400%
Blended rate7.860%7.640%
1st payment$2,021.46$1,763.49
2nd payment$0.00$0.00
Taxes / mo$347.33$347.33
Insurance / mo$150.00$150.00
MI / mo$135.01$50.94
HOA / mo$54.17$54.17
Total monthly$2,707.97$2,365.93
Cash to close$0$28,300