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$277,530$260,910
Remaining term (yrs)26.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.120%7.400%
Blended rate7.670%7.640%
1st payment$1,930.66$1,806.49
2nd payment$0.00$0.00
Taxes / mo$11.25$11.25
Insurance / mo$150.00$150.00
MI / mo$131.41$52.18
HOA / mo$137.33$137.33
Total monthly$2,360.65$2,157.25
Cash to close$12,370$28,990