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$287,303$246,600
Remaining term (yrs)25.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.270%7.400%
Blended rate6.120%7.640%
1st payment$1,700.90$1,707.41
2nd payment$0.00$0.00
Taxes / mo$132.92$132.92
Insurance / mo$150.00$150.00
MI / mo$217.69$49.32
HOA / mo$0.00$0.00
Total monthly$2,201.51$2,039.65
Cash to close$0$27,400