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$282,568$233,100
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.320%7.320%
Blended rate6.870%7.560%
1st payment$1,826.51$1,601.24
2nd payment$0.00$0.00
Taxes / mo$261.25$261.25
Insurance / mo$150.00$150.00
MI / mo$134.96$46.62
HOA / mo$72.00$72.00
Total monthly$2,444.73$2,131.11
Cash to close$0$25,900