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$297,630$290,250
Remaining term (yrs)26.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.58%7.11%
Blended rate7.43%7.35%
1st payment$1,986.89$1,952.53
2nd payment$0.00$0.00
Taxes / mo$303.25$303.25
Insurance / mo$150.00$150.00
MI / mo$220.82$58.05
HOA / mo$0.00$0.00
Total monthly$2,660.96$2,463.83
Cash to close$24,870$32,250