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$293,188$293,841
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.650%7.400%
Blended rate7.200%7.640%
1st payment$1,963.43$2,034.50
2nd payment$0.00$0.00
Taxes / mo$364.00$364.00
Insurance / mo$150.00$150.00
MI / mo$140.18$58.77
HOA / mo$80.67$80.67
Total monthly$2,698.28$2,687.93
Cash to close$33,302$32,649