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$295,565$290,250
Remaining term (yrs)28.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.690%7.400%
Blended rate7.240%7.640%
1st payment$1,940.92$2,009.63
2nd payment$0.00$0.00
Taxes / mo$37.50$37.50
Insurance / mo$150.00$150.00
MI / mo$138.00$58.05
HOA / mo$338.00$338.00
Total monthly$2,604.43$2,593.18
Cash to close$26,935$32,250