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$295,149$243,810
Remaining term (yrs)28.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.910%7.320%
Blended rate7.460%7.560%
1st payment$1,978.88$1,674.81
2nd payment$0.00$0.00
Taxes / mo$235.33$235.33
Insurance / mo$150.00$150.00
MI / mo$137.57$48.76
HOA / mo$170.00$170.00
Total monthly$2,671.78$2,278.90
Cash to close$0$27,090