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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$284,588$288,000
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.88%7.18%
Blended rate7.43%7.42%
1st payment$1,923.16$1,951.01
2nd payment$0.00$0.00
Taxes / mo$38.92$38.92
Insurance / mo$150.00$150.00
MI / mo$134.11$57.60
HOA / mo$190.00$190.00
Total monthly$2,436.19$2,387.53
Cash to close$35,412$32,000