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$293,931$269,910
Remaining term (yrs)29.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.480%7.400%
Blended rate7.030%7.640%
1st payment$1,857.36$1,868.80
2nd payment$0.00$0.00
Taxes / mo$26.92$26.92
Insurance / mo$150.00$150.00
MI / mo$134.96$53.98
HOA / mo$58.33$58.33
Total monthly$2,227.57$2,158.03
Cash to close$5,969$29,990