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$233,267$215,910
Remaining term (yrs)29.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.520%7.400%
Blended rate7.070%7.640%
1st payment$1,480.15$1,494.92
2nd payment$0.00$0.00
Taxes / mo$48.08$48.08
Insurance / mo$150.00$150.00
MI / mo$107.11$43.18
HOA / mo$0.00$0.00
Total monthly$1,785.34$1,736.18
Cash to close$6,633$23,990