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$272,821$256,500
Remaining term (yrs)29.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.430%7.400%
Blended rate6.980%7.640%
1st payment$1,713.44$1,775.95
2nd payment$0.00$0.00
Taxes / mo$10.75$10.75
Insurance / mo$150.00$150.00
MI / mo$125.16$51.30
HOA / mo$0.00$0.00
Total monthly$1,999.35$1,988.00
Cash to close$12,179$28,500