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$295,042$283,410
Remaining term (yrs)26.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.180%7.320%
Blended rate7.730%7.560%
1st payment$2,062.01$1,946.83
2nd payment$0.00$0.00
Taxes / mo$312.92$312.92
Insurance / mo$150.00$150.00
MI / mo$139.51$56.68
HOA / mo$290.00$290.00
Total monthly$2,954.44$2,756.43
Cash to close$19,858$31,490