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$287,254$280,800
Remaining term (yrs)28.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.720%7.400%
Blended rate7.270%7.640%
1st payment$1,879.28$1,944.20
2nd payment$0.00$0.00
Taxes / mo$305.50$305.50
Insurance / mo$150.00$150.00
MI / mo$133.21$56.16
HOA / mo$0.00$0.00
Total monthly$2,467.99$2,455.86
Cash to close$24,746$31,200