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$305,186$286,200
Remaining term (yrs)28.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.81%7.11%
Blended rate7.36%7.35%
1st payment$2,018.43$1,925.29
2nd payment$0.00$0.00
Taxes / mo$251.50$251.50
Insurance / mo$150.00$150.00
MI / mo$141.76$57.24
HOA / mo$0.00$0.00
Total monthly$2,561.69$2,384.03
Cash to close$12,814$31,800