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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$278,679$283,500
Remaining term (yrs)27.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.190%7.400%
Blended rate7.740%7.640%
1st payment$1,947.54$1,962.90
2nd payment$0.00$0.00
Taxes / mo$75.25$75.25
Insurance / mo$150.00$150.00
MI / mo$131.63$56.70
HOA / mo$212.00$212.00
Total monthly$2,516.43$2,456.85
Cash to close$36,321$31,500