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$291,422$249,300
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.780%7.400%
Blended rate7.330%7.640%
1st payment$1,948.36$1,726.10
2nd payment$0.00$0.00
Taxes / mo$36.46$36.46
Insurance / mo$150.00$150.00
MI / mo$137.26$49.86
HOA / mo$275.00$275.00
Total monthly$2,547.08$2,237.42
Cash to close$0$27,700