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$281,609$283,491
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.09%7.18%
Blended rate7.64%7.42%
1st payment$1,937.97$1,920.47
2nd payment$0.00$0.00
Taxes / mo$140.83$140.83
Insurance / mo$150.00$150.00
MI / mo$132.30$56.70
HOA / mo$142.00$142.00
Total monthly$2,503.11$2,410.00
Cash to close$33,381$31,499