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$286,792$269,910
Remaining term (yrs)27.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.490%7.400%
Blended rate8.040%7.640%
1st payment$2,061.19$1,868.80
2nd payment$0.00$0.00
Taxes / mo$270.83$270.83
Insurance / mo$150.00$150.00
MI / mo$135.24$53.98
HOA / mo$0.00$0.00
Total monthly$2,617.26$2,343.62
Cash to close$13,108$29,990