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$271,187$252,990
Remaining term (yrs)28.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.960%7.400%
Blended rate7.510%7.640%
1st payment$1,828.88$1,751.65
2nd payment$0.00$0.00
Taxes / mo$234.25$234.25
Insurance / mo$150.00$150.00
MI / mo$126.50$50.60
HOA / mo$33.33$33.33
Total monthly$2,372.96$2,219.83
Cash to close$9,913$28,110