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$293,113$279,000
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.640%7.400%
Blended rate7.190%7.640%
1st payment$1,933.07$1,931.74
2nd payment$0.00$0.00
Taxes / mo$557.92$557.92
Insurance / mo$150.00$150.00
MI / mo$138.15$55.80
HOA / mo$9.00$9.00
Total monthly$2,788.15$2,704.46
Cash to close$16,887$31,000