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$286,526$264,600
Remaining term (yrs)28.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.960%7.400%
Blended rate7.510%7.640%
1st payment$1,932.33$1,832.04
2nd payment$0.00$0.00
Taxes / mo$113.40$113.40
Insurance / mo$150.00$150.00
MI / mo$133.66$52.92
HOA / mo$0.00$0.00
Total monthly$2,329.38$2,148.35
Cash to close$7,474$29,400