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$295,943$251,910
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.26%7.18%
Blended rate6.81%7.42%
1st payment$1,906.39$1,706.53
2nd payment$0.00$0.00
Taxes / mo$797.33$797.33
Insurance / mo$150.00$150.00
MI / mo$141.76$50.38
HOA / mo$0.00$0.00
Total monthly$2,995.48$2,704.24
Cash to close$0$27,990