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$276,866$249,300
Remaining term (yrs)26.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.580%7.400%
Blended rate7.430%7.640%
1st payment$1,846.09$1,726.10
2nd payment$0.00$0.00
Taxes / mo$80.83$80.83
Insurance / mo$150.00$150.00
MI / mo$205.17$49.86
HOA / mo$0.00$0.00
Total monthly$2,282.10$2,006.80
Cash to close$134$27,700