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$273,049$245,700
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.280%7.400%
Blended rate6.830%7.640%
1st payment$1,760.21$1,701.18
2nd payment$0.00$0.00
Taxes / mo$78.42$78.42
Insurance / mo$150.00$150.00
MI / mo$130.61$49.14
HOA / mo$0.00$0.00
Total monthly$2,119.24$1,978.73
Cash to close$0$27,300