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$265,298$170,100
Remaining term (yrs)27.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.030%7.400%
Blended rate7.580%7.640%
1st payment$1,811.71$1,177.74
2nd payment$0.00$0.00
Taxes / mo$131.67$131.67
Insurance / mo$150.00$150.00
MI / mo$124.43$34.02
HOA / mo$497.00$497.00
Total monthly$2,714.81$1,990.42
Cash to close$0$18,900