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$276,376$260,100
Remaining term (yrs)29.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.360%7.320%
Blended rate6.910%7.560%
1st payment$1,724.73$1,786.71
2nd payment$0.00$0.00
Taxes / mo$70.58$70.58
Insurance / mo$150.00$150.00
MI / mo$126.91$52.02
HOA / mo$0.00$0.00
Total monthly$2,072.22$2,059.31
Cash to close$12,624$28,900