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$293,497$282,600
Remaining term (yrs)26.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.330%7.400%
Blended rate7.180%7.640%
1st payment$1,910.55$1,956.67
2nd payment$0.00$0.00
Taxes / mo$77.58$77.58
Insurance / mo$150.00$150.00
MI / mo$217.95$56.52
HOA / mo$78.67$78.67
Total monthly$2,434.75$2,319.44
Cash to close$20,503$31,400