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$282,578$258,300
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.280%7.400%
Blended rate6.830%7.640%
1st payment$1,819.44$1,788.42
2nd payment$0.00$0.00
Taxes / mo$298.08$298.08
Insurance / mo$150.00$150.00
MI / mo$135.01$51.66
HOA / mo$63.33$63.33
Total monthly$2,465.87$2,351.49
Cash to close$4,422$28,700