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$299,678$283,401
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.99%7.18%
Blended rate7.54%7.42%
1st payment$2,042.61$1,919.86
2nd payment$0.00$0.00
Taxes / mo$102.50$102.50
Insurance / mo$150.00$150.00
MI / mo$140.86$56.68
HOA / mo$0.00$0.00
Total monthly$2,435.97$2,229.04
Cash to close$15,212$31,489