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$290,998$256,500
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.400%
Blended rate7.050%7.640%
1st payment$1,892.89$1,775.95
2nd payment$0.00$0.00
Taxes / mo$301.42$301.42
Insurance / mo$150.00$150.00
MI / mo$137.26$51.30
HOA / mo$152.00$152.00
Total monthly$2,633.56$2,430.67
Cash to close$0$28,500