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$283,127$271,800
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.150%7.400%
Blended rate6.700%7.640%
1st payment$1,806.54$1,881.89
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$2,233.66
Cash to close$18,873$30,200