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$292,580$269,999
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.220%7.320%
Blended rate6.070%7.560%
1st payment$1,713.00$1,854.71
2nd payment$0.00$0.00
Taxes / mo$137.75$137.75
Insurance / mo$150.00$150.00
MI / mo$220.47$54.00
HOA / mo$0.00$0.00
Total monthly$2,221.22$2,196.46
Cash to close$7,419$30,000