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$294,072$260,100
Remaining term (yrs)26.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.810%7.400%
Blended rate7.360%7.640%
1st payment$1,986.39$1,800.88
2nd payment$0.00$0.00
Taxes / mo$86.58$86.58
Insurance / mo$150.00$150.00
MI / mo$139.51$52.02
HOA / mo$87.00$87.00
Total monthly$2,449.48$2,176.48
Cash to close$0$28,900