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$280,242$206,910
Remaining term (yrs)27.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.090%7.320%
Blended rate7.640%7.560%
1st payment$1,924.85$1,421.33
2nd payment$0.00$0.00
Taxes / mo$371.08$371.08
Insurance / mo$150.00$150.00
MI / mo$131.41$41.38
HOA / mo$126.00$126.00
Total monthly$2,703.34$2,109.79
Cash to close$0$22,990