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$268,671$238,500
Remaining term (yrs)28.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.890%7.400%
Blended rate7.440%7.640%
1st payment$1,789.45$1,651.33
2nd payment$0.00$0.00
Taxes / mo$50.99$50.99
Insurance / mo$150.00$150.00
MI / mo$124.66$47.70
HOA / mo$294.00$294.00
Total monthly$2,409.10$2,194.01
Cash to close$0$26,500