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$302,053$297,000
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.730%7.400%
Blended rate7.280%7.640%
1st payment$2,033.67$2,056.37
2nd payment$0.00$0.00
Taxes / mo$524.75$524.75
Insurance / mo$150.00$150.00
MI / mo$144.01$59.40
HOA / mo$65.00$65.00
Total monthly$2,917.43$2,855.52
Cash to close$27,947$33,000