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$278,363$269,100
Remaining term (yrs)26.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.81%7.18%
Blended rate7.36%7.42%
1st payment$1,882.31$1,822.98
2nd payment$0.00$0.00
Taxes / mo$71.33$71.33
Insurance / mo$150.00$150.00
MI / mo$132.20$53.82
HOA / mo$0.00$0.00
Total monthly$2,235.84$2,098.13
Cash to close$20,637$29,900