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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$275,701$269,010
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.88%7.18%
Blended rate7.43%7.42%
1st payment$1,861.21$1,822.37
2nd payment$0.00$0.00
Taxes / mo$58.83$58.83
Insurance / mo$150.00$150.00
MI / mo$129.79$53.80
HOA / mo$276.00$276.00
Total monthly$2,475.83$2,361.00
Cash to close$23,199$29,890