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$291,879$295,200
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.54%7.18%
Blended rate7.09%7.42%
1st payment$1,931.93$1,999.79
2nd payment$0.00$0.00
Taxes / mo$70.42$70.42
Insurance / mo$150.00$150.00
MI / mo$139.51$59.04
HOA / mo$170.00$170.00
Total monthly$2,461.86$2,449.24
Cash to close$36,121$32,800