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$281,391$276,300
Remaining term (yrs)26.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.360%7.400%
Blended rate7.210%7.640%
1st payment$1,834.82$1,913.05
2nd payment$0.00$0.00
Taxes / mo$118.33$118.33
Insurance / mo$150.00$150.00
MI / mo$208.65$55.26
HOA / mo$68.00$68.00
Total monthly$2,379.80$2,304.64
Cash to close$25,609$30,700