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$281,178$269,999
Remaining term (yrs)26.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.270%7.400%
Blended rate7.120%7.640%
1st payment$1,817.50$1,869.42
2nd payment$0.00$0.00
Taxes / mo$317.50$317.50
Insurance / mo$150.00$150.00
MI / mo$208.65$54.00
HOA / mo$14.25$14.25
Total monthly$2,507.90$2,405.17
Cash to close$18,821$30,000