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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$288,506$279,000
Remaining term (yrs)26.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.71%7.18%
Blended rate7.26%7.42%
1st payment$1,934.43$1,890.04
2nd payment$0.00$0.00
Taxes / mo$56.25$56.25
Insurance / mo$150.00$150.00
MI / mo$137.26$55.80
HOA / mo$194.00$194.00
Total monthly$2,471.94$2,346.09
Cash to close$21,494$31,000