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$281,532$276,750
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.640%7.320%
Blended rate7.190%7.560%
1st payment$1,858.67$1,901.08
2nd payment$0.00$0.00
Taxes / mo$674.33$674.33
Insurance / mo$150.00$150.00
MI / mo$132.84$55.35
HOA / mo$0.00$0.00
Total monthly$2,815.84$2,780.76
Cash to close$25,968$30,750