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$299,287$287,100
Remaining term (yrs)27.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.940%7.400%
Blended rate7.490%7.640%
1st payment$2,026.12$1,987.82
2nd payment$0.00$0.00
Taxes / mo$351.42$351.42
Insurance / mo$150.00$150.00
MI / mo$140.43$57.42
HOA / mo$150.00$150.00
Total monthly$2,817.97$2,696.66
Cash to close$19,713$31,900