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$281,324$256,500
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.300%7.400%
Blended rate6.150%7.640%
1st payment$1,663.00$1,775.95
2nd payment$0.00$0.00
Taxes / mo$203.17$203.17
Insurance / mo$150.00$150.00
MI / mo$212.13$51.30
HOA / mo$0.00$0.00
Total monthly$2,228.29$2,180.42
Cash to close$3,676$28,500