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$285,772$256,500
Remaining term (yrs)28.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.760%7.400%
Blended rate7.310%7.640%
1st payment$1,880.63$1,775.95
2nd payment$0.00$0.00
Taxes / mo$87.83$87.83
Insurance / mo$150.00$150.00
MI / mo$132.76$51.30
HOA / mo$230.00$230.00
Total monthly$2,481.22$2,295.09
Cash to close$0$28,500