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$256,458$260,910
Remaining term (yrs)23.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.650%7.400%
Blended rate7.200%7.640%
1st payment$1,794.79$1,806.49
2nd payment$0.00$0.00
Taxes / mo$393.96$393.96
Insurance / mo$150.00$150.00
MI / mo$120.16$52.18
HOA / mo$0.00$0.00
Total monthly$2,458.91$2,402.63
Cash to close$33,442$28,990