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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$304,964$283,500
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.26%7.18%
Blended rate6.81%7.42%
1st payment$1,966.91$1,920.53
2nd payment$0.00$0.00
Taxes / mo$124.08$124.08
Insurance / mo$150.00$150.00
MI / mo$146.26$56.70
HOA / mo$295.00$295.00
Total monthly$2,682.25$2,546.31
Cash to close$10,036$31,500