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$282,771$271,800
Remaining term (yrs)26.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.15%7.18%
Blended rate6.7%7.42%
1st payment$1,806.54$1,841.27
2nd payment$0.00$0.00
Taxes / mo$81.42$81.42
Insurance / mo$150.00$150.00
MI / mo$135.91$54.36
HOA / mo$66.00$66.00
Total monthly$2,239.87$2,193.04
Cash to close$19,229$30,200