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$278,151$284,175
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.73%7.24%
Blended rate7.28%7.48%
1st payment$1,874.85$1,936.65
2nd payment$0.00$0.00
Taxes / mo$82.08$82.08
Insurance / mo$150.00$150.00
MI / mo$132.76$56.84
HOA / mo$0.00$0.00
Total monthly$2,239.70$2,225.57
Cash to close$37,599$31,575