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$295,801$274,950
Remaining term (yrs)28.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.850%7.400%
Blended rate7.400%7.640%
1st payment$1,962.34$1,903.70
2nd payment$0.00$0.00
Taxes / mo$236.33$236.33
Insurance / mo$150.00$150.00
MI / mo$137.26$54.99
HOA / mo$0.00$0.00
Total monthly$2,485.93$2,345.02
Cash to close$9,699$30,550