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$300,049$250,999
Remaining term (yrs)25.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate4.980%7.320%
Blended rate5.830%7.560%
1st payment$1,724.95$1,724.19
2nd payment$0.00$0.00
Taxes / mo$73.50$73.50
Insurance / mo$150.00$150.00
MI / mo$228.13$50.20
HOA / mo$0.00$0.00
Total monthly$2,176.57$1,997.89
Cash to close$0$27,889