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$290,872$278,910
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.620%7.400%
Blended rate7.170%7.640%
1st payment$1,916.58$1,931.12
2nd payment$0.00$0.00
Taxes / mo$102.17$102.17
Insurance / mo$150.00$150.00
MI / mo$137.26$55.78
HOA / mo$55.00$55.00
Total monthly$2,361.01$2,294.07
Cash to close$19,028$30,990