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$273,912$260,100
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.770%7.400%
Blended rate7.320%7.640%
1st payment$1,831.41$1,800.88
2nd payment$0.00$0.00
Taxes / mo$255.17$255.17
Insurance / mo$150.00$150.00
MI / mo$129.15$52.02
HOA / mo$41.67$41.67
Total monthly$2,407.40$2,299.74
Cash to close$15,088$28,900