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$260,712$234,000
Remaining term (yrs)25.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate4.980%7.400%
Blended rate5.830%7.640%
1st payment$1,498.81$1,620.17
2nd payment$0.00$0.00
Taxes / mo$117.00$117.00
Insurance / mo$150.00$150.00
MI / mo$198.22$46.80
HOA / mo$0.00$0.00
Total monthly$1,964.02$1,933.97
Cash to close$0$26,000