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$290,555$287,910
Remaining term (yrs)28.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.810%7.400%
Blended rate7.360%7.640%
1st payment$1,921.67$1,993.43
2nd payment$0.00$0.00
Taxes / mo$198.58$198.58
Insurance / mo$150.00$150.00
MI / mo$134.96$57.58
HOA / mo$0.00$0.00
Total monthly$2,405.21$2,399.60
Cash to close$29,345$31,990