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$259,020$243,000
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.690%7.400%
Blended rate7.240%7.640%
1st payment$1,718.42$1,682.48
2nd payment$0.00$0.00
Taxes / mo$228.42$228.42
Insurance / mo$150.00$150.00
MI / mo$122.18$48.60
HOA / mo$0.00$0.00
Total monthly$2,219.02$2,109.50
Cash to close$10,980$27,000