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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$281,925$188,999
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.82%7.18%
Blended rate7.37%7.42%
1st payment$1,892.20$1,280.35
2nd payment$0.00$0.00
Taxes / mo$56.00$56.00
Insurance / mo$150.00$150.00
MI / mo$132.76$37.80
HOA / mo$306.00$306.00
Total monthly$2,536.96$1,830.15
Cash to close$0$21,000