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$285,874$269,910
Remaining term (yrs)27.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.22%7.18%
Blended rate7.77%7.42%
1st payment$2,003.47$1,828.46
2nd payment$0.00$0.00
Taxes / mo$434.67$434.67
Insurance / mo$150.00$150.00
MI / mo$135.01$53.98
HOA / mo$0.00$0.00
Total monthly$2,723.15$2,467.11
Cash to close$14,026$29,990