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$271,552$258,300
Remaining term (yrs)27.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.030%7.400%
Blended rate7.580%7.640%
1st payment$1,867.34$1,788.42
2nd payment$0.00$0.00
Taxes / mo$508.75$508.75
Insurance / mo$150.00$150.00
MI / mo$128.25$51.66
HOA / mo$11.00$11.00
Total monthly$2,665.34$2,509.83
Cash to close$15,448$28,700