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$296,202$247,500
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.130%7.400%
Blended rate6.680%7.640%
1st payment$1,886.27$1,713.64
2nd payment$0.00$0.00
Taxes / mo$432.75$432.75
Insurance / mo$150.00$150.00
MI / mo$142.21$49.50
HOA / mo$58.33$58.33
Total monthly$2,669.56$2,404.22
Cash to close$0$27,500