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$281,526$261,000
Remaining term (yrs)27.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.490%7.400%
Blended rate8.040%7.640%
1st payment$2,023.33$1,807.11
2nd payment$0.00$0.00
Taxes / mo$221.17$221.17
Insurance / mo$150.00$150.00
MI / mo$132.76$52.20
HOA / mo$0.00$0.00
Total monthly$2,527.26$2,230.48
Cash to close$8,474$29,000