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$289,131$274,491
Remaining term (yrs)29.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.320%
Blended rate7.050%7.560%
1st payment$1,830.82$1,885.56
2nd payment$0.00$0.00
Taxes / mo$51.00$51.00
Insurance / mo$150.00$150.00
MI / mo$132.76$54.90
HOA / mo$185.00$185.00
Total monthly$2,349.58$2,326.46
Cash to close$15,859$30,499