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$301,302$251,910
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.510%7.400%
Blended rate6.360%7.640%
1st payment$1,813.89$1,744.17
2nd payment$0.00$0.00
Taxes / mo$554.33$554.33
Insurance / mo$150.00$150.00
MI / mo$226.04$50.38
HOA / mo$53.33$53.33
Total monthly$2,797.59$2,552.22
Cash to close$0$27,990