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$274,808$269,910
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.600%7.320%
Blended rate7.150%7.560%
1st payment$1,807.19$1,854.09
2nd payment$0.00$0.00
Taxes / mo$252.42$252.42
Insurance / mo$150.00$150.00
MI / mo$129.69$53.98
HOA / mo$140.00$140.00
Total monthly$2,479.30$2,450.49
Cash to close$25,092$29,990