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$295,341$288,900
Remaining term (yrs)27.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.82%7.18%
Blended rate7.37%7.42%
1st payment$1,988.42$1,957.11
2nd payment$0.00$0.00
Taxes / mo$77.92$77.92
Insurance / mo$150.00$150.00
MI / mo$139.51$57.78
HOA / mo$0.00$0.00
Total monthly$2,355.85$2,242.81
Cash to close$25,659$32,100