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$287,916$269,100
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.860%7.400%
Blended rate7.410%7.640%
1st payment$1,932.14$1,863.19
2nd payment$0.00$0.00
Taxes / mo$109.42$109.42
Insurance / mo$150.00$150.00
MI / mo$135.01$53.82
HOA / mo$195.00$195.00
Total monthly$2,521.56$2,371.43
Cash to close$11,084$29,900