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$280,514$247,410
Remaining term (yrs)27.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.760%7.400%
Blended rate8.310%7.640%
1st payment$2,063.06$1,713.02
2nd payment$0.00$0.00
Taxes / mo$449.00$449.00
Insurance / mo$150.00$150.00
MI / mo$131.86$49.48
HOA / mo$312.00$312.00
Total monthly$3,105.92$2,673.50
Cash to close$0$27,490