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$294,131$301,410
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.82%7.18%
Blended rate7.37%7.42%
1st payment$1,974.13$2,041.86
2nd payment$0.00$0.00
Taxes / mo$90.85$90.85
Insurance / mo$150.00$150.00
MI / mo$138.51$60.28
HOA / mo$0.00$0.00
Total monthly$2,353.48$2,342.98
Cash to close$40,769$33,490