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$286,225$279,000
Remaining term (yrs)28.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.630%7.400%
Blended rate7.180%7.640%
1st payment$1,855.66$1,931.74
2nd payment$0.00$0.00
Taxes / mo$139.67$139.67
Insurance / mo$150.00$150.00
MI / mo$132.76$55.80
HOA / mo$264.00$264.00
Total monthly$2,542.08$2,541.21
Cash to close$23,775$31,000