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$295,447$276,300
Remaining term (yrs)25.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.710%7.320%
Blended rate7.260%7.560%
1st payment$2,006.24$1,897.99
2nd payment$0.00$0.00
Taxes / mo$205.17$205.17
Insurance / mo$150.00$150.00
MI / mo$140.83$55.26
HOA / mo$25.00$25.00
Total monthly$2,527.23$2,333.42
Cash to close$11,553$30,700